Get started
NQunlocked

200 MA breadth analysis indicates SPX goes up from here!

Long
S&P 500 Stocks Above 200-Day Average (INDEX:S5TH)  
NQunlocked  
INDEX:S5TH   S&P 500 Stocks Above 200-Day Average
Breadth Indicators SPX (S&P 500 Index) S&P 500 (SPX500) SPDR S&P 500 ETF (SPY) spxlong
4
2
breadthstudies spx spx500 spy spxlong
This idea is based on the analysis of the 200 day moving average breadth data for the SPX. Every time since 2007, when market breadth broke out of a downwards moving channel this was an excellent buying signal for the SPX. This signal can be seen as a confirmation for the end of the downwards correction and/or bear market. We recently had such a signal on Oct 24th!.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.