Trading Edges That Last
- You May Also Like
The current snapshot of 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Oct 18 close. Reading 1. Long Term Tick16 (yellow line) ...READ MOREFirst set of custom market breadth data for Dow Jones Industrial Average, Nasdaq 100 and S&P 500 is now available from Historical Data Bank. Once we make sure the ...READ MOREThe current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Nov 19 close. Reading 1. Long Term Tick16 ...READ MOREAs the long term Tick16 index is staying in the bullish zone, and that the short term Tick16 has moved away from the long term index for some time already, ...READ MOREReview of Forecast for Aug 10, 2015 Sideway market expectation was correct but China's sudden devaluation actions amplified the magnitude of the two-way market from the expected 1% to 1.5%. Swing ...READ MOREMonthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Nov 22 close ...READ MOREReview of Forecast for Feb 8, 2016 Everything unfolded as expected - bounced from a flush low early last week, weaknesses kicked in after Wednesday and limited upside cap by the ...READ MOREReview of Forecast for Oct 12, 2015 Pullback of 1.5% capped the drop so the 2% and more decline did not materialize. Volatility uptick happened but not by much. The breadth ...READ MOREThis is a short introduction of the S&P500 Short-Term Market Breadth Analog Forecast report available in Daily Market Breadth Monitor (US Indices). I will explain what it does and how ...READ MOREReview of Forecast for Jan 4, 2016 Got the 5% selloff projected. The breadth analog model did a perfect job for the week. Forecast Starting Jan 11, 2016 Summary of the S&P500 ...READ MOREMarket Internals 2012-10-18Custom Market Breadth Data Now Available From HistoricalMarket Internals 2012-11-19Latest on S&P 500 Daily Breadth MonitorS&P500 Short Term Market Breadth Analog Forecast StartingMarket Internals 2013-11-22S&P500 Short Term Market Breadth Analog Forecast StartingS&P500 Short Term Market Breadth Analog Forecast StartingIntroduction to S&P500 Short Term Market Breadth AnalogS&P500 Short Term Market Breadth Analog Forecast Starting
As Featured In
Market Internals 2013-07-21
Monthly update on market internals.
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 July 19 close.
Reading
1. Long Term Tick16 (yellow line) well below neutral zone going sideway
2. Short Term Tick16 (red line) drifting in overbought area
3. 3-Day Advance issues (green line) bounced off neutral zone with S&P just made a new high
Inference
a. #1 is bearish pointing to a major top in the making
b. #2 points to a short term top in the making
c. #3 divergence top setup for short term top in the making
Last update I was looking for a flush low to create a powerful squeeze and I got that right on.
A powerful rally like the one we are having does not stop easily until something break the rhythm. Thus a series of pullbacks will have to be in place to create the long term top, if such a top is going to be formed at all.
The weakest scenario is that S&P can start its pullback now and limiting its Long Term Tick16 from recovering to neutral zone. Timing for an immediate pullback is within next few days.
The strongest scenario is that S&P although weaken its Long Term Tick16 keeps recovering to neutral zone. That will produce a decision point where S&P can gun for long term upside breakout or a total collapse. The outcome of this scenario will depends on the aggregated bets made on the market by the time it reaches the critical moment. Timing for this complex top formation will take 2 to 3 weeks.
Share