T/A ETF AND INDEX

[Gizmo]

Vestor, yes I generally use an Ndx/Indu with indicators but cleared them for posting for the sake of simplicity.

I did notice what those indicators are saying tho. Weekly MACD turning up/crossing signal line from a 3 year low. Means the upside momentum of the Ndx stocks relative to Dow could have made a significant low over the summer.

RSI 14 was deeply oversold and at capitulation levels. If we remain in a bull market there's plenty of room to rise.

Remember the only thing Ndx/Indu measures is investor willingness to take risk and probably more important than adding indicators, the trend is what matters most.

The caveat of the oversold RSI and Macd cross is that if we have entered a bear market they're meaningless as oversold becomes more oversold and crosses fail at a low level.