Price of any stock market index is not used, it is made up of internals of the Index. There is no curve fitting.
Currently we do not have a recovery pattern in the SP500 or NYSE, and we are in the RTT Flow Index RED zone with SP500 price showing some weakness (post ECB news today). CAUTION or SHORT of the major indexes should be considered. A recovery pattern would be a fall to SP500 support at 1890 or so with strong bounce into the green zone, which can still happen of course. NOTE:If the ECB come up with more sugar bombs in the next few days then we may get into the green zone tomorrow, everything changes!
The RTT Flow Index can be seen by RTT Plus members only.
"The Tape Reader's profits should develop naturally. He should buy or sell because it is the thing to do - not because he wants to make a profit or fears to make a loss." ~ Richard D. Wyckoff
"Until an hour before the Devil fell, God thought him beautiful in Heaven." ~ Arthur Miller, "The Crucible" [Contrarian Investing]
"If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks." ~ John (Jack) Bogle
"People somehow think you must buy at the bottom and sell at the top to be successful in the market. That's nonsense! The idea is to buy when the probability is greatest that the market is going to advance." ~ Martin Zweig (The inspiration behind a number of Martin Zweig's methods came, from Jesse Livermore).
"The minute you get away from the fundamentals - whether it's proper technique, work ethic, or mental preparation - the bottom can fall out of your game." ~ Basketball Legend Michael Jordan.