Check the middle area. Typically it has a crossover before the overall index actually follows. Another key takeaway if this fall holds (I'm honestly unsure if it will until we get a big down day), is that the peak on this cycle is less than both previous highs. Very divergent from the insane indexes.
Lower peak than November. 8 EMA over 20 EMA.
Crazy oscillations and gravitation. We have typically been "bottoming" once this crosses below 50% lately. It is trying to again.
Seemingly very bullish (bearish for market) configuration for the percent of stocks two standard deviations below the 200 day moving average. Divergent from the lithium infused indexes.
Best of luck
If we agree on everything, only one of us is necessary.
Dan Millman
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