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Friday, 06/26/2020 2:29:40 PM

Friday, June 26, 2020 2:29:40 PM

Post# of 187
There is a fourth indicator group that I will highlight today, the percent of stocks with silver crosses. This is a DecisionPoint indicator available at StockCharts. A silver cross occurs when the 20-day EMA moves above the 50-day EMA. The chart below shows this indicator for SPX, NDX, MID and SML. All four turned up in mid April and moved above their 20-day EMAs (pink lines). They exceeded 80% on June 10th and then turned down. Nevertheless, they are still a relatively high levels (>65%). The Nasdaq 100 indicator crossed below its 20-day EMA on Thursday, but the other three remain above, by a whisker.

ART HILL 6/11/2020 4 UP 5 DOWN = BEARISH

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