Hey Traders,
Got a little behind in posting some weekly look-backs and wanted to catch-up to this current week. I consolidated the "Weekly RSI Divergence" and the "elken(B)readth" charts into one.
We will be looking back at the week closes using my "blocker" rectangle; the obvious black-out on the right side of the chart. I will post from the start of the year...
Little update before friday close. I may try and do this weekly but I do not want to flood my charts with a single segment. More to follow, slowly but surely!
Hello all,
Not a financial advisor, i just trade full-time. I can share some stuff that I look at.
TL;DR
Look at crosses, touches and space
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Please also pull up my other idea on $SPX timeframe'd weekly, linked (scroll down to bottom for links...
Take a look last time S&P 500 number of stocks over the 20 ma went so low and then in 3 weeks or less went up to almost 100% the market moved up for a long time. For this to happen again I think the tracker has to move back up over the middle blue line and hold. Will be watching to see how that 20 ma supports or rejects the spx500 stocks.
The number of stocks above their 20-Day moving average has hit 77% which is also a major resistance area. Do we get some selling pressure from here or break out?
