Crypto Market Cap, BTC/USD, ETH/USD, USDT/USD, XRP/USD, Bitcoin
Apple, Advanced Micro Devices Inc, Amazon Com Inc, TESLA INC, NETFLIX INC, Facebook Inc
S&P 500, Nasdaq 100, Dow 30, Russell 2000, U.S. Dollar Index, Bitcoin Index
US 10Y, Euro Bund, Germany 10Y, Japan 10Y Yield, UK 10Y, India 10Y
Notice that every time in the last 5Y we broke below this line, stocks plummeted. Only options left are... 1. BULLGASM to stay above this line for a bit longer before crashing 2. Start crashing soon 3300 is a good place to pull back to before charging for new ATHs, that is most likely bounce for next downturn right now but 3180 and 3k aren't too far behind,...
Helpful indicator if ur trying to determine where to leg into equities. Gave u the local bottom within a days range over the last couple years. Not all individual things bottom at the same time but index gets you fairly close if ur swinging assets that are a part of it. Also not used as a buy signal rather confluence for a position.
For the nerds... enjoy! Would wait for RSI break before going long.
Just a helpful PSA B).
Very interesting on the bottom side, almost all cases confirmed when under 10, i might missed allot :-) but you got the point. wish you all the best.
I am seeing weakness in stocks with a loss of momentum and volume. There are several interesting red flags I'm observing at this time on many of my indicators.This is just one of many but it shows the percent of s&p stocks above their 50-day moving average. It can serve as a leading indicator and should be observed with a comparison of the index as well as a...
Doesn't mean we have topped - sideways / up movement will bring the % down as it did last spring. But we are at nosebleed altitude.