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The 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 MORESince last update we got the major selloff I've been looking for. Now, 3-day advance issues is back down at oversold level, while Tick16 Short Term is forming potential higher low. Normally, ...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 July 19 close. ...READ MOREMy monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 April 19 close. ...READ MORETick Divergence is a very useful setup for identifying short term tops and bottoms in Emini intraday. It works very well across many different market environments making it one of ...READ MORETrend buy day are the days where the stock market indices just keep going higher. Day traders are often trapped on the wrong side of the market on such days ...READ MOREMy monthly update on market internals. The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Jan 18 close. Reading 1. Long Term Tick16 (yellow ...READ MORESince last update we got our pullback based on market breadth. Well, there were actually 2 pullbacks with one very fast melt up in between. 3-day advance issues gave us the extremes ...READ MORETo utilize S&P500 Tick1K Index, we can start from its basic properties of being highly correlated to the bar to bar pattern with Emini S&P (and SPY too) on 5-minute ...READ MOREThe expected bounce happened. And based on 3-day advance issues and Tick16 Short Term the rally will be over quickly if not already. The divergence top on the 3-day advance issues ...READ MOREMarket Internals 2012-11-19Market Internals 2011-10-03Market Internals 2013-07-21Market Internals 2013-04-19Trading With Tick Index: Basic Tick DivergenceTrading With Tick Index: Early Detection Of TrendMarket Internals 2013-01-18Market Internals 2011-11-20Trading with Tick Index: S&P500 Tick1K Index MismatchMarket Internals 2011-08-25
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Market Internals 2013-10-22
Monthly update on market internals.
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 October 22 close.
Reading
1. Long Term Tick16 (yellow line) bearish
2. Short Term Tick16 (red line) in breakout mode after spending days near Long Term Tick16
3. 3-Day Advance Issues (green line) divergence top against S&P new high
Inference
a. #1 is bearish
b. #2 volatility expansion coming
c. #3 a short term top in the making. If S&P does not pullback significantly while 3-Day Advance Issues going back down to neutral, it will turn into a powerful buy signal.
Review
Inference was correct from last update:
– 3-Day Advance Issues went negative and we got this 3 weeks selloff
– 5% drop with a new high printed right after, "extreme volatility" indeed!
Long Term Outlook
Dow has not make a new high with S&P and Nasdaq on this latest rally. This divergence has happened across the globe. Usually such setup points to the markets having these new highs being wrong.
2 historical scenarios similar to what we have now worth mentioning here. One is year 1929 and the other is year 1998. Both happened on unusual circumstances but having completely opposite outcomes. Check out the charts yourself to see what I mean.
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