The 2 most important internals we can measure are sentiment and breadth.
Sentiment is going higher, but breadth is starting to show cracks.
The are many breadth measures, including: McClellan Oscillator, advancers vs decliners, equal weights.
Both had been holding up very well; however, the breadth is starting to show downtrends, suggesting we are due for a correction.
I have been following a chart from an analyst at Schwab, which shows the correlation between 2009-2010 SPX chart VS the 2020-2021 SPX chart. And it has been following it CLOSELY. This chart also suggests we are due for a 8% correction (drawn in the chart).
Let me know if you want the article, it is free on the Insight Schwab website.
Always rely on your stop-exits. Volatility is growing higher.
Sentiment is going higher, but breadth is starting to show cracks.
The are many breadth measures, including: McClellan Oscillator, advancers vs decliners, equal weights.
Both had been holding up very well; however, the breadth is starting to show downtrends, suggesting we are due for a correction.
I have been following a chart from an analyst at Schwab, which shows the correlation between 2009-2010 SPX chart VS the 2020-2021 SPX chart. And it has been following it CLOSELY. This chart also suggests we are due for a 8% correction (drawn in the chart).
Let me know if you want the article, it is free on the Insight Schwab website.
Always rely on your stop-exits. Volatility is growing higher.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.