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SPX: "Above the Green Line"


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#1 Rogerdodger

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Posted 08 January 2024 - 03:53 PM

The Number One Chartist at stockcharts is "Above the green line"

see:

https://.com/public/1107832

 

3rd rule is: "Money Wave less than 20 and turning up"

above-the-green-line.jpg


Edited by Rogerdodger, 08 January 2024 - 03:55 PM.


#2 SteveB

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Posted 08 January 2024 - 05:04 PM

RD, here is the full link 

https://stockcharts.com/public/1107832

 

I also check out the "Above the Green Line" charts occasionally and I like them. The simple rules are clear and the charts are easy to read. Rule #2 isn't quite met (barely) for $SPX. For indices her rule is SCTR >80. Not trying to nit pick here, I like the charts and they are publicly available on StockCharts. She does caution that $SPX is way above the green line. And yes the "Money Wave" is turning up... both conditions are the same now as they were at the beginning of August last year. 



#3 Rogerdodger

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Posted 17 January 2024 - 04:01 PM

Lots of stuff now very extended and has dropped below the Pink line (10ma).

"Sell if it Closes below the Pink Line"

 

https://stockcharts.com/public/1107832


Edited by Rogerdodger, 17 January 2024 - 04:02 PM.