Tuesday, September 26, 2017 9:47:40 PM
9/26 QQQ BULLISH AGAIN WHEN
This chart also highlights a technique for spotting short-term oversold conditions within a bigger uptrend.
Breadth becomes short-term oversold when %Above 20-day EMA dips below 30%.
A bullish signal triggers when this indicator moves back above 50%.
I will be move to "alert" mode when/if the indicator dips below 30% for the Nasdaq 100. In other words, such a move would trigger a short-term bullish setup and I would then look for a short-term bullish catalyst
This chart also highlights a technique for spotting short-term oversold conditions within a bigger uptrend.
Breadth becomes short-term oversold when %Above 20-day EMA dips below 30%.
A bullish signal triggers when this indicator moves back above 50%.
I will be move to "alert" mode when/if the indicator dips below 30% for the Nasdaq 100. In other words, such a move would trigger a short-term bullish setup and I would then look for a short-term bullish catalyst
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