Home > heikin-ashi > $SPX market breadth, tops and bottoms $SPY $DIA $DJIA #markets #money #equities #trendfollowing

$SPX market breadth, tops and bottoms $SPY $DIA $DJIA #markets #money #equities #trendfollowing

May 12, 2016

S&P-500 market breadth (daily)

  • (+) Strong relationship between this market breadth computation (different from all others) and tops and bottoms for S&P-500
  • (+) S&P-500 market breadth has improved since the last bottom in May
  • (+) The pattern developed during the past 16 days is bullish and favors a new leg up
  • (!!) *If* the breadth ends lower than -13 today, then a stronger downtrend may follow

$SPX market breadth

 

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