trade timing signals - using Advance-Decline line tools

[NASARAVI]

RIM - Update for August 8, 2018

1. PMOAZNDX @ 71 UFY but < 34 EMA
Value similar to march top as of today - but price higher high - so some negative d - WATCH carefully

2. ADLINENDX @ 671.40 slightly lower than yesterday but 1,3,5 stacked well no down trend

3. %BB 21,2 @ 0.88 DFY and %BB 50,2 @.85 Down from yesterday (DFY)

4.,MCOSCNDX 7.47 down but above mid BB

5. MCOSCNAS -0.77 down but above mid BB

6. MCSUMNDX 649.27 DFY but above 5 ema good

7. BBWIDTH 21,2 turned up - suggests a trend change to down for NDX ? ----- WATCH

8. ADLINE for SPX DOW went above UBB 50,2 or touched

9. ADLINE for NDX and NYC did not touch UBB

Takeaway

1. A short correction may be in the offing?
2. Since ADLINE breadth based on their MAs have no cross - means bull is alive and hedging higher

Concern

MCOSC for all indices above zero - but close to zero - small movements may indicate strong move up or down?