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)
The best of our indicators are available in CIT Toolbox for TradingView and in CIT Collection for NinjaTrader.

Trading Books