Market Breadth Data******************************

Friday, February 26, 2016

$SPY Two Competing Views

Two similar but different trend-following systems, two different views. Which one will prove to be right in the end ?

Glass half full (ma cross-over):














Glass half empty (MACD):














Bulls still retain the upper hand according to the monthly momentum chart:















but are noticeably weaker (below 50%) on the weekly:












For the curious by nature, this is what it looks like when both trend-following systems are in agreement:














(Chart courtesy of CIT Toolbox for TradingView)

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