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Percent of Stocks Above 200-Day Average
Long

% of stocks above 200 moving average (SPX)

435
This indicator anticipated the fall of the SPX well in advance, according to the yellow line on April 12, 2021.
Showing a clear divergence.
As SPX went up, the indicator went down.

Only on January 10, 2022 was there a trend reversal in SPX, going down.

Now the indicator appears to be anticipating a rally.
andre_007
To contribute to my work:
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Also on:
200maMMTHSPX (S&P 500 Index)S&P 500 (SPX500)Support and ResistancesupportandresistancezonesTrend LinesWedgewedgepatterns

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
200maMMTHSPX (S&P 500 Index)S&P 500 (SPX500)Support and ResistancesupportandresistancezonesTrend LinesWedgewedgepatterns
andre_007
To contribute to my work:
⚡Bitcoin Lightning: forwardocean64@walletofsatoshi.com
🟠Bitcoin: bc1qv0j28wjsg6l8fdkphkmgfz4f55xpph893q0pdh
🔵PayPal: paypal.com/donate/?hosted_button_id=D9KRKY5HMSL9S
Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.