Identifying and forecasting trends using MMOHThis MMOH ticker tracks how many stocks are over their 100D Moving Average. You can think of it like an RSI, where >75 is overbought, <25 is oversold and ~40 is neutral. I've found I can forecast trends, and spot pivots; using bull/bear divergence lines, and paying attention to the critical levels. Around 40 usually gets some swift bear/bull action, and we are approaching it. Pass or fail, it's gonna start making big moves. I could see another 10-20% blow-off top, but we're def due for some bear sooner rather than later, imo.
I also like to compare this to the MMTW, MMFI, & MMTH which are 20D, 50D, & 200D. They have the same tickers specifically for SPY and NDX that start S5 or ND. They are NDTW NDFI NDOH NDTH S5TW S5FI S5OH S5TH
