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
First set of custom market breadth data for Dow Jones Industrial Average, Nasdaq 100 and S&P 500 is now available from Historical Data Bank. Once we make sure the ...
Review of Forecast for Oct 10, 2016
Forecast of 2% breakdown move was spot on. As expected, swing top formed. The breadth analog model did a perfect job last week.
Forecast Starting ...
Review of Forecast for Apr 11, 2016
Initial weaknesses did not produce much damage and the slingshot move higher materialized. The breadth analog model did a great job for the week. ...
Review of Forecast for Sep 26, 2016
Forecast of limited downside of 1.5% was spot. 2% swing up did not happen thanks to Deutsche Bank crisis but bullish bias kept S&P ...
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) ...
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 ...
As on last Friday, the 3-day advance issues was short term oversold. Thus it is expected a bounce should happen on Monday and that has already happened.
Critical price level of ...
Review of Forecast for Feb 8, 2016
Everything unfolded as expected - bounced from a flush low early last week, weaknesses kicked in after Wednesday and limited upside cap by the ...
Review of Forecast for Sep 7, 2015
Extreme swings expectations played out. 3% swing up and than 3% swing down fulfilled both upside and downside expectations. The breadth analog model did ...
3-Day Advance Issues continue its micro swing divergence against S&P.
Yet Tick16 LT is bullish at the moment.
That created a conflicting environment that rally during the day are sold into and ...
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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