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 line) touch down at neutral zone and bounced off
2. Short Term Tick16 (red line) pulled back to neutral zone
3. 3 Days Advance Issues (green line) diverging from new high printed by S&P itself
Inference
a. #1 still in trend buy mode. That means selloffs continue to be buying opportunities. It is diverging significantly relative to the rise in S&P implying a long term top in the making.
b. #2 points to a bottom in the making. Since price never pulled back, it can either be a parabolic breakout to the upside, or, if price suddenly breaking lower, look for oversold setup for the swing long entry.
c. #3 points to a pullback in the making
Last update predicted both the pullback and the swing low is a dip to buy correctly
This article is going to show you an example on the change in characteristics of the Advance / Decline Issues affecting trading models based on the breadth data. The example ...
Review of Forecast for Aug 22, 2016
No 1% move in either direction led to range bounded actions, so 2% breakout play not triggered. Slingshot move materialized. Short term breadth sell ...
Review of Forecast for Jul 18, 2016
Limited upside as projected. No 1% down move so no follow through to the downside. Breadth sell setups not confirmed yet. The breadth analog ...
Review of Forecast for Jun 8, 2015
The expectation of volatile price actions was correct with 1% swing down and then 2% straight up. The risk of 5% downside move did ...
The breadth chart produced a clear “double bounce off” by both Tick16 short-term and long-term from the neutral zone. The potential last leg of the daily bull run has started. ...
Notice how the Tick16 indices turning back up while the 3-day advance issues moved down. Again, the long term sell trigger I was looking for failed to show up this ...
It is 1 am Eastern Time and the overnight market is down at the moment.
Japan Nikkei is down more than 1%
But as of close of yesterday Aug 17, the Tick16 ...
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 Feb 17 close.
Reading
1. Long Term Tick16 (yellow ...
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 ...
S&P500 Tick1K Index is a custom market breadth index built with a similar principle like the NYSE Tick Index. Since the S&P500 Tick1K Index contains only the S&P500 components, it ...
Market Internals 2013-01-18
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 Jan 18 close.
Reading
1. Long Term Tick16 (yellow line) touch down at neutral zone and bounced off
2. Short Term Tick16 (red line) pulled back to neutral zone
3. 3 Days Advance Issues (green line) diverging from new high printed by S&P itself
Inference
a. #1 still in trend buy mode. That means selloffs continue to be buying opportunities. It is diverging significantly relative to the rise in S&P implying a long term top in the making.
b. #2 points to a bottom in the making. Since price never pulled back, it can either be a parabolic breakout to the upside, or, if price suddenly breaking lower, look for oversold setup for the swing long entry.
c. #3 points to a pullback in the making
Last update predicted both the pullback and the swing low is a dip to buy correctly
Share