Traffic Light Feb 10, 2017
Hi All,
Here is the old clip of Traffic Light, Feb 10, 2017.
At the time, both Traffic Light Dow and Nasdaq redline were changing their direction to ascending from descending, pointing to a bullish posture. NASDAQ was about 5750. Fast forward to the recent time, NASDAQ is about 5900. The index gained about 3%. Knowing the direction of S&P 500 and NASDAQ, 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.
You may access the current Traffic Light at CrystalClearIndicator.com
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