SMC Update 6-9-21

06/09/2021


Comments (4)
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hman_69514
hman_69514

Hi Peter, with the low volatility of late, just curious if the sign of the bear is close to triggering. Thanks H

Peter Eliades
Peter Eliades

hman_69514 said:

Hi Peter, with the low volatility of late, just curious if the sign of the bear is close to triggering. Thanks H

Divide NYSE Advances by NYSE declines each day. You must have 21 consecutive days where that ratio is below 1.95, but above 0.65. As a general rule, when there are more than 2200 advances in a day, that will immediately disqualify the possibility of a "Sign of the Bear" in that time period. Over the past 21 trading days, there have been several days with over 2200 advancing issues so there is no "SOB" possible as yet...

pknizhnik215
pknizhnik215

Hi Peter, you can also use for Bitcoin BTCUSD on the TradeStation.

amy4061541339
amy4061541339

Hi Peter, would you please look at oil and XLE? Thanks.

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