My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.
As 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, ...
S&P500 Short Term Market Breadth Analog Forecast Starting Apr 18, 2016
Review of Forecast for Apr 11, 2016
Initial weaknesses did not produce much damage and the slingshot move higher materialized. The breadth analog model did a great job for the week.
Forecast Starting Apr 18, 2016
Summary of the S&P500 short-term forecast based on my proprietary market breadth analog model as of the close of Apr 15, 2016:
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Short Explanation About The Model
My market breadth based analog model takes into account the short term volatility, daily market breadth readings and a few other intraday breadth data to identify the current market conditions. Using the information, the model then went through the historical data over the past 20 years to generate its statistical analysis. The model has been pretty good at identifying important swing tops and bottoms over the past few years by providing early warnings about potential volatility upticks.
For the technical explanation of the concept, you can read about it here, Market Breadth Primer: Market Breadth Analog Forecasting Method
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