MMTH - % of stocks above 200 DMA
1) Since 2000 % of stock over 200 DMA > 89% - 92% in 2002 ,2009 & 2021 happened only 3 thrice it always came back to 45% after that,
) After that either it consolidates in this area or moves back to 70 & consolidates so we have couple weeks to be in that before going in either direction mostly in lower 30 to upper 2Os which can reverse the market ,
) After that either it consolidates in this area or moves back to 70 & consolidates so we have couple weeks to be in that before going in either direction mostly in lower 30 to upper 2Os which can reverse the market ,