DropDead_Fed

Stock market at very critical resistance indicator!

INDEX:MMTH   Percent of Stocks Above 200-Day Average
If we track % of stocks above or below their 200 day moving averages on a WEEKLY time basis - there are some very clear bull market reversal signals as denoted. We are back to a very critical resistance area that once break up, we could see a very sizeable extended multi-year stock market pump. This would in turn seal the deal I believe for a second presidential turn and the Trump re-inflation of the stock market which will eventually lead to a parabolic top most likely.

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.