FINANCIAL ICEBERG
Always consider hidden risks
​
 TECHNICALS
SP500 Bull% Index:  Lowest since October 2011 ?
 August 25  ​( From Stockcharts  )
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The Situation

​
​This Indicator reached only 20.4% on August10 2011, the lowest spot level of the past 
​five years and far away from the last record level on July 16 2014 at 84.6% when
​SP500 was at 1982.


​​The main technical indicators like the moving average of the Bullish Percentage Index 
​of the SP500 Index  are showing some sign of weaknesses since April 28...​

​​This ratio turned on a bearish trend since June 5 and now stand
​at 58.6% 
​​(61.4% for the 7 DMA - Day Moving Average). 

That Indicator is in bearish mode and reached level not seen since ​
​October 5 2011 when the Mighty SP500 was at 1165 level.

Also observe the divergence between the % Bullish Index and the Mighty SP500; lower highs from the Index and higher highs from the SP500 since March 2015.

But getting over the 200 DMA on that Indicator at the end of April 2015 ( ​red line chart below ) have been in the past a first warning sign ​of overbought conditions building up. ( See chart below - ellipses )​​

SP500 Index closed below its 200 DMA on August 20, a bad tecnical omen indeed. Also observe the Broken Rising Wedge on SP500 on August 21.​ ( See Bottom Chart  - 50 DMA Blue Line​​  -  200 DMA Red Line ).

​​But the most interesting factor is that taking the ratio of the Bullish Percentage Index ​of the SP100 Index over the SP500 Index, we had that ratio near the high of the past 5 years at the end of June 2015; zone associated with market turmoil.
We were warned but did not listen...  ( See second chart below - ellipses )


​​

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SP500 Index Bull% Index:  Lowest since October 2011 ?   $SPY    #Trading #Emini  #investing  #SP500


SP500 Index Bullish % Index ( Top Panel - Dots )
21 DMA ( Blue Line )
200 DMA ( Red Line )
SP500 Index ( Bottom Panel )​​







Financialiceberg.com



RATIO

​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 )


Financialiceberg.com


Financialiceberg.com


Financialiceberg.com