1. 2022 $MMTW/ AMEX:SPY 2023 $MMTW/ AMEX:SPY 2024 $MMTW/ AMEX:SPY
Discovered this really cool indicator. Blue line = cross under 15 & Yellow line = close under 15. Im using heiken ashi candles for this analysis. This is just a custom breadth indicator I put together and honestly its used better if you are only looking for divergences. This is one of the best divergence indicators i've discovered especially with heiken ashi. feel...
You can see the general decline over the year on the 100 Day Averages, despite the bullishness of the market indices.
This is a chart of various Moving Averages for NYSE(MM), QQQ(ND), & SPY(S5). TW = 20D MA FI = 50D MA OH = 100D MA I drew trend lines for the 3 different 100D TLs that all signal a general downtrend. Next year is gonna be wild.
SPX500 and MMTW : a lovely correlation. Enjoy the beauty. No needs to say more, DYOR and peace
The daily chart is showing market sentiment from a breadth perspective: the percentage of stocks on the NYSE (2943 stocks) that are above their daily moving averages. The trend is increasingly bullish but that increase has peaked in recent days. [bDetail: MMTH - RED - Percentage of stocks above their 200 DMA MMOF - Percentage of stocks above their 150...
I looked back to find a similar structure in the 20 & 50 day MAs of SPY, NAS, & NYSE. It looks pretty similar to 2016.
These charts help you immediately see how the entire market is faring at a given time. Note, these are daily indicators for "Free" users, and "Pro, Premium" users can view intraday timeframes. These make great bases for creating trading algorithms on the theory of a "rising tide raises all ships". MMFD Percent of Stocks Above 5-Day Average MNTW Percent of...
The MMTW is showing the SPY is now in buy territory from a breadth perspective. In addition, price is heading into overhead resistance and will likely break down again from there, if it doesn't break to the upside.
Major overhead resistance on the daily SPY... schrts.co The real nature of the larger pullback is revealed on this weekly SPY chart... this is very bullish. schrts.co Prediction: Near-term pullback with larger time-frame indicators suggesting a break to the upside, despite that major resistance is overhead.
I am now looking at the MMTW daily chart which is focused on the % of SP500 stocks above their 20-day moving average. This may be the beginning of the next bear leg down for the US stock market.