$nymo and $namo have fallen below their bottom BBs.

 If the market continues lower Monday and Tuesday next week will make for 2 and 3 days respectively for these indicators below their bottom BBs. Increasing the probability of a good market bounce trade. Especially if the market pull back triggers some spy system entries

Cool article 

Thanks for the values. I was trying a few different values. But it will take a while to vusually look back a few yeras to get a good fit. The VIX "5" is good.

January  Stats

The following stats were posted by TomBowley @ stockcharts.commid last week. So far played out with strength up the Friday 17th, and nes now down on the 20th :

" The October 27th (close) through January 18th (close) period as being the most bullish period of the year . We've gone up nearly every year since 1950 (57 of 69 years) during this period. Barring a collapse of mega proportions, this period will end at Friday's close in positive territory once again. Looking into next week, however, suggests a different outcome. January 20th (Monday) is the 3rd worst calendar day of the year, trailing only October 19th  (think Black Monday 1987) and October 22nd.  It has an annualized return of -83% . Mondays that fall after options expiration are also typically very poor stock market days.

$vix correlation to $spx plotted in purple over the corr($spx:$NYlow) indicator window.   Shows a similar fore warning of market pull backs to new lows in the indices.  

The $vix and the index  new lows are completely independent data series providing similar  forewarning signals.

I have looked back at the index new low corr with the $SPX/spy over 22 years and it generally provides  fore warnings of 1% in strong bull runs to up to 15-20% corrections.

As with all indicators is is only a tool to combine with other signals. Not a system in itself.

https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=2&mn=0&dy=0&id=p87616059562&listNum=88&a=714903954

Correlation SPX to new lows in spx, indicator window below price has also given advanced warnings of pull backs.

  https://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=2&mn=2&dy=0&id=p47470502078&listNum=88&a=714677024

Correlation between $SPX and new lows on NYA is often giving advanced warnings of pull back as well as larger corrections in the market. 

The new lows start increasing as the market goes higher. The correlation functions shows these advanced warnings quite clearly. Like Jan 2018, Set 2018. May and July 2019 and others. 

The correlation is rising now and may be warning of a pull back. Even if small. Tying in the the spy exhaustion trade.

https://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=2&mn=2&dy=0&id=p71977496322&a=714677024&listNum=88

Re the exhaustion trade, the following stats ares from Tom Bowley from stockcharts.com:

The October 27th (close) through January 18th (close) period as being the most bullish period of the year. We've gone up nearly every year since 1950 (57 of 69 years) during this period. Barring a collapse of mega proportions, this period will end at Friday's close in positive territory once again. Looking into next week, however, suggests a different outcome. January 20th (Monday) is the 3rd worst calendar day of the year, trailing only October 19th (think Black Monday 1987) and October 22nd. It has an annualized return of -83%. Mondays that fall after options expiration are also typically very poor stock market days.

So hopefully the spy triggers Thursday or Friday, maybe at the upper pivot just above 3304-3306!!

$rvx now attached

$RVX below bottom BB, short term possible sell for iwm 

Couple of more divergence charts from previous BPT newsletters

qqq rsi(14) 3 pattern push

good spotting on IWM, thxs for great charts

nice line /es chart.  GDX 60 min had same pattern this week, then broke down.  /nq here too. 

/es and /nq 60 min charts have nearly touched the upper line of their broadening top pattern s

congrats!!!! hopefully TS gets my futures actt activated very soon

spy and es h&S about to break neck line. If can break neck line big time on volume, then finally a correction so spy system can catch the 1st bid for 2020

SPX 60 min potential  H&S   if plays out would have a target of 3140 to 3160

An interesting stat. Do you know which year was the first time?  Thanks

Vix correlation to SPX at high levels (sometimes seen prior to previous market pull backs)

https://stockcharts.com/h-sc/ui?s=$SPX&p=D&yr=2&mn=0&dy=0&id=p25502848026&a=699225760&listNum=48

https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=4&mn=3&dy=0&id=p98223305807&a=669419653&listNum=48