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.
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...
![S5FI: [S5FI] Hangin on By a Thread!](https://s3.tradingview.com/e/eB1GCDQY_mid.png "[S5FI] Hangin on By a Thread!")
![S5FI: [S5FI] DAMN Guys... We Got a 5Y DIAGONAL Bout to BREAK! B)](https://s3.tradingview.com/c/CTW2HkfA_mid.png "[S5FI] DAMN Guys... We Got a 5Y DIAGONAL Bout to BREAK! B)")
![S5FI: [S5FI] S/R and Entry/Exit Mapped for Stocks Above 50D Average B)](https://s3.tradingview.com/9/963M3qfX_mid.png "[S5FI] S/R and Entry/Exit Mapped for Stocks Above 50D Average B)")
![S5FI: [S5FI] In Downtrend... Keep an Eye Out for Breakout OR Collapse!](https://s3.tradingview.com/f/fIu2keO2_mid.png "[S5FI] In Downtrend... Keep an Eye Out for Breakout OR Collapse!")
