The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Dec 19 close.
Reading
1. Long Term Tick16 (yellow line) cleared neutral zone and zoomed to straight up to overbought area
2. Short Term Tick16 (red line) divergence against price for about a month now
3. 3 Days Advance Issues (green line) popped back up to overbought zone
Inference
a. #1 in trend buy mode. That means coming several selloffs can be bought on swing basis. A potential long term top in the making with time window of about 3 to 6 months.
b. #2 points to a top in the making but it will be used up when the red line drops back below neutral zone
c. #3 in the context of #1 points to a pullback in the making
Last update predicted the powerful upside push correctly
Advance / Decline Issues Bear Strike is a day trading model based on real-time advance / decline issues. It is a very consistent mechanical trading model and a useful trading ...
The current snapshot of 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Aug 17 Close.
Readings
1. 3-Day Advance Issues having divergence top against S&P
2. Tick16 ST ...
Review of Forecast for May 30, 2016
Compression conditions in custom breadth continues. Attempts to breakout of the defined tight range all failed. Sudden reversals at the boundaries all week. ...
Review 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 ...
After the turbulent period of June to mid-August 2007, as mentioned in the previous article, the explosive growth in real-time data has retreated some what. Here is an update about ...
Review of Forecast for Sep 12, 2016
Forecast of 1% or more wild swings throughout the week materialized. Intraday volatility increased as expected. No 2% flush low as support was found ...
This 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 ...
Review of Forecast for Apr 20, 2015
First attempt to go higher last week was capped at the 1.5% boundary as forecasted last week. Yet by mid week the selling failed ...
Review of Forecast for Jun 13, 2016
S&P intraday downside breakout fulfilled 100% weekly range expansion. Whiplash moves around 50% expansion level. The breadth analog model did an excellent job for ...
Market Internals 2012-12-19
My monthly update on market internals.
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Dec 19 close.
Reading
1. Long Term Tick16 (yellow line) cleared neutral zone and zoomed to straight up to overbought area
2. Short Term Tick16 (red line) divergence against price for about a month now
3. 3 Days Advance Issues (green line) popped back up to overbought zone
Inference
a. #1 in trend buy mode. That means coming several selloffs can be bought on swing basis. A potential long term top in the making with time window of about 3 to 6 months.
b. #2 points to a top in the making but it will be used up when the red line drops back below neutral zone
c. #3 in the context of #1 points to a pullback in the making
Last update predicted the powerful upside push correctly
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