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Just Another Thought


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#1 4caster

4caster

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Posted 01 March 2025 - 11:48 AM

If you overlay the CCI(5) on the daily SPX chart you'll see a very positive correlation. 

Typically, when the CCI(5) drops below -150 it gives a ST bottom signal and when it

goes above +150 it gives a ST top signal. On Feb. 21, 2025 the CCI(5) was buried at

-166 giving a ST bottom signal. This past Mon. through Thurs., while. the SPX declined,

the CCI(5) went up to -110 putting in positive divergence and yesterday it closed at -69.

Unfortunately, the CCI(5) doesn't provide any input as to how high a bounce will go or

how long it'll last.