11:19 am EST: Signs that vectors are moving towards a very short-term bottom for SVXY / SP-500 may finally be printing. If that occurs, then looking for a higher completion to be followed potentially by a deep reversion. Either way- a higher market completion is expected soon. Daily breadth intra-day today is (NYAD SUM [macd param]) -200, yesterday's was -70 so let's see how that closes today and on tomorrow's week-ending number. Those values are definitely warning flags moving forward especially when converted to weekly data. Week ending coming in to this one was already -200.
Original post:
Price advances are unimpressive compared to breadth declines which is often a key 'tell'. Cumulative breadth [lower chart] has flattened for a few months and is clearly converging on the sp-500 - the size is telegraphing a pending big move.
See Critical Long-Term UPDATED 4/12/2021 Review Here
The bots will flag here when they see a top. (1/25/20, 2/20/20, 4/9/20)
This Information Is For Entertainment Purposes Only. Financial Loss Can Occur From Investing.
Our favorite go to site- McVerry Report
No comments:
Post a Comment