9 replies to this topic

[Darris]

Along with all the other bullish things prices and internals have been doing, a ZBT will most likely confirm tomorrow on any net NYSE positive breadth day.  On May 13th the  10 day simple MA NYSE advancing % of stocks was right at 40%, or just 8 issues above the trigger, and 10 days later, tomorrow the value could be around 63-65%.  SPX breadth shows almost the same values for additional confirmation.  The last one was in early January 2019 and lasted 13 months and 33%, so this one should at least take the SPX north of 4000.  Just posting a day early, since if any Bots have this programmed in, they will front run it tomorrow.  After confirmation you might get a down day on Friday, end of month, then off to the races again for June.  Price wise, you can probably use SPX 2950 as a stop for a week or so. Note: in the last 9 days we have had 4 days with advancing breadth/volume over 80%, so that is very strong as well.

[da_cheif]

Along with all the other bullish things prices and internals have been doing, a ZBT will most likely confirm tomorrow on any net NYSE positive breadth day.  On May 13th the  10 day simple MA NYSE advancing % of stocks was right at 40%, or just 8 issues above the trigger, and 10 days later, tomorrow the value could be around 63-65%.  SPX breadth shows almost the same values for additional confirmation.  The last one was in early January 2019 and lasted 13 months and 33%, so this one should at least take the SPX north of 4000.  Just posting a day early, since if any Bots have this programmed in, they will front run it tomorrow.  After confirmation you might get a down day on Friday, end of month, then off to the races again for June.  Price wise, you can probably use SPX 2950 as a stop for a week or so. Note: in the last 9 days we have had 4 days with advancing breadth/volume over 80%, so that is very strong as well.

looks like ur in the minority here.........good luck but u wont need it    watch the sky

[gismeu]

Thanks,

 

gis

[OEXCHAOS]

Good work.

[diogenes227]

Along with all the other bullish things prices and internals have been doing, a ZBT will most likely confirm tomorrow on any net NYSE positive breadth day.  On May 13th the  10 day simple MA NYSE advancing % of stocks was right at 40%, or just 8 issues above the trigger, and 10 days later, tomorrow the value could be around 63-65%.  SPX breadth shows almost the same values for additional confirmation.  The last one was in early January 2019 and lasted 13 months and 33%, so this one should at least take the SPX north of 4000.  Just posting a day early, since if any Bots have this programmed in, they will front run it tomorrow.  After confirmation you might get a down day on Friday, end of month, then off to the races again for June.  Price wise, you can probably use SPX 2950 as a stop for a week or so. Note: in the last 9 days we have had 4 days with advancing breadth/volume over 80%, so that is very strong as well.

So I take it there was no confirmation today?

Edited by diogenes227, 28 May 2020 - 03:55 PM.

[CLK]

I don't see how NYSI closed up and the market got smashed in the last half hour. Something wrong with the calculations in that index.

[Harapa]

 

So I take it there was no confirmation today?

 

Per T2103 (FreeStockCharts), it happened yesterday ( on day 9 after reporting under 40)
 

[Darris]

It sure was looking good at 2pm today, but the close makes it look marginal now.  There are many variations that have been programmed and a lot of the indicators use EMA values.  The EMA in my work did not come close to the trigger as it went from 41.3% to 64% yesterday (Wednesday close).  The data I collect from the Barron's end of day website says it went from 40% to 63.5% today.  SPX was a bit better as it started around 37.66% and ended today at 62.27% and had almost 25 basis pts of travel which is an additional filter I use.  If we look at the ZBT for Jan 2019 the NYSI hit +500 21 days after the MCO turned positive, and today, even tho the NYSI was 150 pts lower at it's low, we are 45 days into the up move and only at +400, so if MCO goes negative again for any length of time, the NYSE space would look negative again.  Ever since the low, if the NYSE 5 period ema hits 70+% we start to back off by the 2nd day and price shows it.  The worst stat for today was the NYSE TRIN at 2.10 with the final breadth and volume from Barron's, and that is not good coming off a high.  That was obvious to see this morning when all the low priced RobinHood stocks were getting sold on high volume while the nice NDX gap down got bought big time to save the SPX.  Even the Dow lagged noticeably into the 2pm high.  We've had 6 good (short duration) corrections on the way up, so it is set up for number 7 for end of month/first of month.  We've seen some type of weakness at the end of every month so far this year, and the algo Bears may want some payback for the Wednesday reversal, LOL.

[SemiBizz]

What with all these split hairs... looking like a barber shop.

 

Edited by SemiBizz, 29 May 2020 - 07:28 AM.

[SemiBizz]

FWIW... there have been less than 10 of these signals in the last 40 years...

 

It is a rare bird, quite often mistakenly identified.

 

Goes in there along with "3 peaks and a domed house" Pattern

 

Rare as hen's teeth