Overall, the
SPY was trading below its 100-period SMA for a majority of the day, with the 5-minute chart well below the 100-period SMA- Breadth Ratio ($NYSE:UVOL / DDVOL) was showing a ratio of greater than 2.0 which a sign to look for bearish/shorting opportunities on the day
- Net Advance/Decline Line (
ADVN.NY - DECL.NY) was below its 21-period EMA showing bearish sentiment and was below 0 for the entire day, illustrating that bears were in control, although net declining issues never passed below the -1000 mark, which would indicate a very bearish sentiment.Either way 07/19/2016 turned out to be a day where trades to the downside should have been preferred; although overall it wasn't a very strong bearish day.
-
JOY; -
STX were a few that I looked into.
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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.