Always consider hidden risks
SP100 Index Bull% Index: Highest since February 2015 ?
 October 27  ​( From Stockcharts  )
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The Situation

This Indicator reached only 49% on October 16 2014, the lowest
​spot level of the ​past ​three years and far away from the last record
​level on May 16 2013 at 94.0% ​when​ SP500 was at 1650.

​​The main technical indicators like the moving average of the Bullish
​Percentage ​Index of the SP100 Index are showing some sign of
​bullishness since October 5...​

​​The spot level on the Bullish Percentage of the SP100 Index on this
​indicator turned on a bullish ​trend since October 6 and now stand ​at
​74.00%, ​​the highest since February 27 2015.
​​(64.29%​ for the7 DMA (Day Moving Average) ).

But getting over the 70% on that Indicator have been in the past a first ​warning sign ​of overbough conditions building up. ( See first chart below - ellipses )​​ 

​​That Indicator is in bullish mode since October 5 and the 7 DMA broke on the upside the 200 DMA (Day Moving ​Average) , on October 23, another overbought sign. (See first chart below - Red Line ​​

​​Observe also that now like in July, taking the ratio of the Bullish Percentage Index ​of the SP100 Index over the SP500 Index, we have that ratio near the high of the past 5 years; zone associated with market turmoil.
A liquidity concern for the top 100 corps within the SP500 Index ?  ( See second chart below - ellipses )




SP100 Index Bull% Index: Highest since February 2015 ? $SPY, $SPX, $ES_F  #Trading #Nasdaq #SP500
SP100 Index Bullish % Index ( Top Panel - Dots )
7 DMA ( Blue Line )
200 DMA ( Red Line )
SP500 Index ( Bottom Panel )​​
​50 DMA ( Blue Line )
​SP100 Index Bullish % Index over SP500 Index ( Top Panel - Dots )
7 DMA ( Blue Line )
200 DMA ( Red Line )
SP500 Index ( Bottom Panel )​​
​50 DMA ( Blue Line )