Market status system Explanation at bottom.
Month
-----
Green - 6
White - 4
Red - 0
Week
----
Green - 0
White - 7
Red - 3
Day
---
Green - 2
White - 5
Red - 3
Notes:
The weekly charts are still neutral/bearish. SPX is still
holding above the key 1370 level. Price has coiled up
this week. I think a resolution on whether to resume the
rally or break down below the 1370 level could happen next
week.
Bob
Explanation:
I have color coded the price bars in green (up), white (neutral),
red (down) to represent the short term price movement. I have
put together 9 items that have led SPX at times in the past.
With SPX included there are 10 total items. The idea is to use
daily for short term movement, weekly for intermediate and monthly
for long term.
Trend table status
Trend | SP-500 | R2000 | COMPX |
Primary | Up 7/31/20 | Up 1/29/21 | Up 5/29/20 |
Intermediate | Up 10/2/20 | Up 8/21/20 | ? 3/26/21 |
Sub-Intermediate | Up 3/29/21 | ?- 4/5/21 | ? 4/1/21 |
Short term | Up 4/1/21 | Up 4/5/21 | Up 4/1/21 |
Don Worden of Worden Brothers (makers of Telechart software) used to keep a trend table before his health issues got in the way. I always found it useful. Mine is slightly different. Hopefully helpful. Up? or Dn? means loss of momentum. ? by itself means trend is neutral. ?+ or ?- means trend is neutral with bias of up(+) or down (-)

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