Certainly a possibility - others look for volume percentage
confirmation (The IBD method). Need a minimum of 80% UVOL -
also note the NYSE and DJI are testing their respective 20/21
EMAs
Posted by DigiNomad on 23rd of Apr 2024 at 01:52 pm
Here's the current reading from BPT saved chart (we're pretty
close considering the rule calls for 9 days or less from oversold
to overbought...and we're on day 2):
Certainly a possibility - others
SPX Breadth Thrust? - Another nightly newsletter / video I ...
Posted by steve on 23rd of Apr 2024 at 01:35 pm
Certainly a possibility - others look for volume percentage confirmation (The IBD method). Need a minimum of 80% UVOL - also note the NYSE and DJI are testing their respective 20/21 EMAs
I think it's doubtful that
Posted by mastermind on 23rd of Apr 2024 at 02:30 pm
I think it's doubtful that IBD would call this a confirmed rally only two days after they said the market went to correction, but I could be wrong.
Here's the current reading from
Posted by DigiNomad on 23rd of Apr 2024 at 01:52 pm
Here's the current reading from BPT saved chart (we're pretty close considering the rule calls for 9 days or less from oversold to overbought...and we're on day 2):
VOLD 5-6 today after spending
Posted by DigiNomad on 23rd of Apr 2024 at 01:37 pm
VOLD 5-6 today after spending most of yesterday in the 3's.