Known as something as a bellwether for US stocks this is an index that I keep an eye on. This idea posits 3 different courses, although 2 of them are almost identical, all of them bullish eventually. Personally, I prefer the red count that suggests that we are still in the b wave of an expanding flat that will fool a lot of people.
US Advance decline line, ValueLine indexes & Equal Weight Index
Value Line indexes Geometric and Arithmetic disparity compared to Russell 3000 (98% of US Total Market Cap)
The last week my models 9 in total turned very bullish and then 2 went flat very fast . I myself flipped from very bullish to neg . I then said it is time to see the bill picture in detail . The math a cycle peak was called for into 3015 to 3041 based on long term fib relationship within the long term structure . As well as my target for the panic sp...
Fairly clear count in Value line, a broad index