Alert Condition: Take a Careful Look at this SP500 Chart

By: Marty Chenard | Mon, Jan 5, 2015
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Today's updated chart shows the percentage of S&P 500 stocks with a 20 day C-RSI at a positive or negative level.

When you look at the chart, note that it made a lower/high, and then started moving lower.

Here is the important thing right now ... If this 20 day C-RSI percentage now continues to fall and goes below the 33.4% level made on December 16th. (Marker 185 on this chart.), then that would confirm a down trend, and the market would follow accordingly.

percentage of S&P 500 stocks with a 20 day C-RSI at a positive or negative level

 


 

Marty Chenard

Author: Marty Chenard

Marty Chenard
StockTiming.com
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