Analysis of SPX and ADL and ADVL, and also positive and negative correlation in 10 days period. Important to notice that in the situation when ADL up and SPX down, doesn't anticipate a drop in SPX in the correlation indicator above. Only when SPX up and ADL down that usually does but is not guarantee also.
Trying to anticipate plausible market drops before they happen... Correlations scans 10 day prior.
Trying to anticipate plausible market drops before they happen... Correlations scans 10 day prior.
Sanchez Energy's chart may look down-and-out with recent profit taking, but actually it is the Accumulation/Distribution Line (ADL) that tells the real story. The ADL has broken out to all time highs, and now the chart has to play catch-up and rally, the Heikin-Ashi TrendBars are signalling that the new bullish trend has already started. Reference ADL...
AD Issues is a GREAT breath indicator. It is still in a downtrend showing a big negative divergence. I dont like this at all