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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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. ...
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 ...
Review of Forecast for Aug 24, 2015
Extreme intraday swings expectations played out. The extreme gap down led to violent bounce back up to fill the gap was unexpected. The breadth ...
Review of Forecast for Oct 24, 2016
Limited upside as expected. Overall dropped to 1.5% boundary only hence 2.5% downside move not activated. As projected, sudden reversal happened all week with ...
Review of Forecast for Feb 1, 2016
Potential swing top setup materialized. Limited upside and downside was correct based on the previous week boudnaries but the expected 1.5% limit was off. ...
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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