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
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 ...
Review of Forecast for May 25, 2015
The expectation of a modest decline was correct. 1.5% decline was registered but did not drop further thanks to rumors were spread about Greece ...
One of the new real-time tools showing the custom breadth charts will go alpha soon. It’s been requested for a long time for which I could not make it happen ...
Review of Forecast for Oct 17, 2016
Monday did not challenge Friday high, so no directional push towards previous week low. Instead, we got consolidation all week. The breadth analog model ...
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 March 19 close. ...
The 3-Day Advance Issues and Tick16 both issued long term sell signals last week.
Last year, it took a month of gyration of drifting up til February before I got ...
Tick16 setup screaming for another top in the making, yet the news shock last week defended the 1st strong swing low on daily from being challenged. Thus price pattern points ...
Unlike Nasdaq 100 and other indices managed by various exchanges, information on the S&P family of stock market indices are proprietary. That means all kinds of information about the S&P ...
Review of Forecast for Jun 6, 2016
S&P not able to range expand much to the upside and given up everything suddenly fulfilled the compression expectation as custom breadth compression continues. ...
Review of Forecast for Aug 29, 2016
No 1% move in either direction led to range bounded actions, so 2% breakout play not triggered. Forecast of V-reversal play with downside action ...
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
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