SPY - dump for the holidaysJust look at the chart ... things aren't adding up... market going up b/c of Mag7 stocks while the other stocks are clearly suffering and we're at/near ATH's in the market. Extreme fear on ~3% selloff from ATH's .... this is not normal. Fundamentals will matter soon.
(S&P 500 Shiller CAPE Ratio = 40
Institutional Support dumped you yesterday... Looking at this indicator INDEX:S5FI (Stocks above 50 day moving average) a reading above 50.0 is bullish and means institutions and hedge funds are more likely to hop in and hold the market up if you noticed on Wed we got above 50.0 to 50.29 but then we came down and closed at 47.91 meaning even
Market BreadthBased on the very top chart for short-term swing trading, we are close for a possible pull back in the next few days. Normally it only stays "overbought" for a few days. Meanwhile the rest of the charts are showing positive Market Breadth. Keeping an eye on the 50-day chart. Having the 50-day back a
Short Term Out-Look for Stock WeaknessThe number of stocks below their 50-day moving average are nearing the 3.618 % Fib-Extension, which does not mean it cannot reach even the 4.618 % level. Most likely to my experiance, stocks will recover short term after todays "witches" have finished their "rituals".
I expect intraday to become ug
S&P 500 Has Potential For Massive Buying OpportunityIn this video, I cover the SP 500 stocks over their 50-day moving average. We are never had previous highs and have potentially formed a double-top higher high after some climatic activity. If this is a rollover a measured move of the first leg brings us into 3% territory.
With rate hikes upon us,
Divergence in S&P 500 may signal incoming correctionIndices have been hitting all time highs but the number of stocks trading above their 50MA has fallen. I believe we may finally be looking at a correction. As we get into the next quarter earnings season, it will be whether stocks can continue to exceed expectations and keep the market excited about
Is the correction over?The % of stocks above their 50-day MAs is signaling that an upward rally is near.
Not only it already went below 10% but now is showing a bullish divergence with the $SPX.
A good confirmation for a changing mid-term trend, not only would be that the CBOE:SPX gets back above its 50-day MA but als
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Displays a symbol's price movements over previous years to identify recurring trends.









