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.
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.
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 ...
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 Mar 14, 2016
Going sideway pullback until 1.5% drop defended and led to an all out run higher to close positive for the year. Wild swings both ...
The expected bounce happened. And based on 3-day advance issues and Tick16 Short Term the rally will be over quickly if not already.
The divergence top on the 3-day advance issues ...
We are getting close to release the custom market breadth data in the Historical Data Bank. The delay is more than what we bargain for as hard disk problems ...
Review of Forecast for Jul 11, 2016
First half of the week the 1.5% upside cap looked working but then last 2 days of the option expiration week cleared the resistance. ...
Review of Forecast for Sep 5, 2016
Forecast of high made first with downside breakdown of 2% was spot on. Premium members got my special update on the reversal dates which ...
Haven't got time to write an update til now.
The sell off I was looking for til 3-day advance struck bottom was done in the beginning of last week. Not quite ...
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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