SP500 Internals Are Flashing a Major Signal. | Data Since 2006 Tells Us This… - YouTube |
add US Stock Market Outlook After 2022 End-of-Year Low
Prediction #djia #indicator #sp500 #nasdaq #adline
Lesson learned: Divergence between an index and its advance/decline line can be used to predict next move of market, but single Divergence event is not reliable enough. For example, recent bearish Divergence of #NASDAQ index and its advance/decline line during late December low did not turn out to be a true #indicator of next market action because it's not confirmed by similar divergence by other major indexes such as #SP500 and #DJIA.
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