S&P 500 IndexLong
SP500 vs. SP500%ABOVE200DMA
Breadth indicator % SP500 STOCKS ABOVE 200DMA reaches the 50% level. Level that previously have acted like a solid support and has marked bottoms. CBOE P/C RATIO AND SPX P/C RATIO have reached levels where markets find bottoms.
"Buy when there is blood on the street" - they say
Market is overpesimistic and algos have sold quickly on the TW news. When little bit of optimism data starts to surprise to the upside we might see NEW ATH til YEAR-END.
3rd slowdown in the business cycle since 2009 have just finished.
Good Luck
"Buy when there is blood on the street" - they say
Market is overpesimistic and algos have sold quickly on the TW news. When little bit of optimism data starts to surprise to the upside we might see NEW ATH til YEAR-END.
3rd slowdown in the business cycle since 2009 have just finished.
Good Luck
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.