The % of stocks above their 50-day MAs is signaling that an upward rally is near.
Not only it already went below 10% but now is showing a bullish divergence with the $SPX.
A good confirmation for a changing mid-term trend, not only would be that the
SPX
gets back above its 50-day MA but also that this index gets above 30%.
Not only it already went below 10% but now is showing a bullish divergence with the $SPX.
A good confirmation for a changing mid-term trend, not only would be that the
SPX
gets back above its 50-day MA but also that this index gets above 30%. 