Traffic Light April 7, 2017
Hi All,
Here is the old clip of Traffic Light, April 7, 2017.
At the time, both Traffic Light Dow and Nasdaq the money-in lines -the red dashed line- were descending, pointing to a bearish posture, and the money-out line -the green line – was flattening, referring to an end of a bearish posture. Fast forward to the recent time, June 7, SPY was at 243. The index gained about 3.8%. Knowing the direction of SPY, the market index, is critical because 75% of stocks correlates with the movement of the index. The last time the index had a bullish direction change was on Nov 10, 2016; the index gained 4.1 %. Some stocks gained 50%+ in the same period.
The key insights to Traffic Light are the direction especially when the lines are turning. If you want to know more about the Application of Traffic Light, please view the clip by clicking the link below.
You may access the current Traffic Light at CrystalClearIndicator.com
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