Buy and Sell Signals, Risk Analysis, Money Flow, Breadth, Momentum

Michael Pitre Author is a PRO memberHas Had Over 50 Followers Rank: 21 Followers: 78 Votes: 89 Years Member: 10 Last Update: 7 February 2016, 9:45 Categories: Market Timing
Trend Analysis
Swing Trading

etfmaintrends.com

etfmaintrends.com

Less

!

Market Breadth Trying To Turn Higher...Breadth has not been strong enough to get the market through the layers upon layers of resistance.

!

On Balance Volume and SPX are both still in long term uptrends...when and if that changes to a breakdown the market will be in an even more dangerous position.
MACD at the bottom crossed the key zero level and then the best it could do is backtest it. This makes the market more vulnerable in and of itself.

!

This indicators for IWM which has been trending in a uniform manner do a good job of catching the turns.

!

On a very short term basis the market looks a little bit ready to bounce inside of the right shoulder. VIX sto is overbought and On Balance Volume
turned higher at the close while price is at neckline support.

!

There is a ton of resistance to clear so it is going to take strong internals to do it and so far we have not seen that. Indicators are topping out.

!

Short Term Charts Help You Understand The Daily Charts, QQQ, Nasdaq, Consumer Discretionary, the leaders of the past are looking the most
vulnerable now. QQQ OBV is downtrending with price.

!

Sto 14 got down to the 2 level while the volume momentum oscillator at the bottom got to and extreme level...the market bounced. Looks like we are going down for
a retest of these extreme conditions. During the bull market usually the market made a substantial low after getting this oversold...but there are times where it
makes another test. This is going to tell us a lot about this market. What happens after a retest.

!

The Nasdaq looks set to test the lower trendline and possible the one below that one. MACD is heading straight south.

! $ Risk Assets

A Daily Chart of the major 'risk on' indexes.

! $ Volatility Index - New Methodology ($VIX)

Market Sentiment With RSI 5 For VIX...RSI 5 got oversold for VIX and Sto for VIX has turned higher.

This information is presented for education purposes only. StockCharts.com is not responsible for any comments, advice, or annotations presented on this page. Please review our Terms of Use for more details.