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dpuleo19

Is the correction over?

Long
S&P 500 Stocks Above 50-Day Average (INDEX:S5FI)  
dpuleo19  
INDEX:S5FI   S&P 500 Stocks Above 50-Day Average
Technical Indicators Chart Patterns SPX (S&P 500 Index) Bullish Divergence
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indicator chartpattern spx bullishdivergence
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%.

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