The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Jun 20 close.
Reading
1. Long Term Tick16 (yellow line) well above neutral zone heading down
2. Short Term Tick16 (red line) moving down towards oversold area
3. 3-Day Advance Issues (green line) sold off down to new low together with S&P
Inference
a. #1 is bullish pointing to selloff should be bought
b. #2 points to a short term bottom is coming soon
c. #3 4th lower low matching the S&P points to a complex low in the making
Last update I was looking for a top that will lead to significant correction. We have that in progress now.
This corrective move in ES has not produced a bearish trend in 3-Day Advance Issues or TIck16 which implies another important swing low is in the making.
To time the swing low focus on Tick Index based divergence over a 2 to 3 day period to identify the potential bottom. Another sign to look for is that 3-Day Advance Issues would stay at the bottom for several days creating a powerful setup to squeeze S&P higher.
Emini S&P Real-Time Custom Market Breadth is part of the real-time trading tool set for Emini S&P traders and all traders who need a better market timing tool for their ...
The current snapshot of 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2012 Jul 24 Close.
Readings
1. 3-Day Advance Issues printing new low with S&P at the same ...
Review of Forecast for Jan 18, 2016
Custom breadth extreme on Wednesday produced the expected rally back up to near the 3.5% projection. Premium members were told to watch out for ...
Review of Forecast for Sep 28, 2015
All week up expectation played out from the flush low formed early in the week. 1.5% rally from the week low led to 2.5% ...
Review of Forecast for Aug 31, 2015
Extreme swings expectations played out. 2% or more down side move materialized. Limited upside forecast also correct. The breadth analog model did a great ...
Review of Forecast for Nov 21, 2016
Thanksgiving week led to updrift all week. Volatility spike did not materialized. Slingshot move not enough time to unfold due to shorten trading hours. ...
Review of Forecast for Nov 16, 2015
Pullback to 5% target and took off from there. Intraday volatility picking up as forecasted. No downward push at all. The breadth analog model ...
Tick16 short-term and long-term both are pushed back down at the neutral zone again. If confirmed by 3-day Advance Issues within this week, we have a sell signal.
Here is the trading system I presented in the Futures Magazine article, Using market breadth in trading systems, in the January 2008 issue.
System Setup
1. Emini S&P regular trading hours (RTH) ...
My 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. ...
Market Internals 2013-06-20
Monthly update on market internals.
The current snapshot of S&P 500 3-Day Advance Issues, Tick16 Short Term + Long Term as of 2013 Jun 20 close.
Reading
1. Long Term Tick16 (yellow line) well above neutral zone heading down
2. Short Term Tick16 (red line) moving down towards oversold area
3. 3-Day Advance Issues (green line) sold off down to new low together with S&P
Inference
a. #1 is bullish pointing to selloff should be bought
b. #2 points to a short term bottom is coming soon
c. #3 4th lower low matching the S&P points to a complex low in the making
Last update I was looking for a top that will lead to significant correction. We have that in progress now.
This corrective move in ES has not produced a bearish trend in 3-Day Advance Issues or TIck16 which implies another important swing low is in the making.
To time the swing low focus on Tick Index based divergence over a 2 to 3 day period to identify the potential bottom. Another sign to look for is that 3-Day Advance Issues would stay at the bottom for several days creating a powerful setup to squeeze S&P higher.
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