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Past few weeks I've been posting a ton of bullish data and have had a very bullish bias despite the "bear market rally calls" because the hard data was telling us a very different story... 1st off, is the % of NYSE Stocks over 50day Moving Average when >85% (1/n) Image
2nd we has a very rare signal when %NYSE Stocks above 50 day cross above 90% (2/n) Image
3rd we had the 50 day moving average of the @McClellanOsc cross below -30, which is bullish 1 year out IN ALL CASES (3/n) Image
4th We had MULTIPLE Historic #DIX signals courtesy of @SqueezeMetrics... Rare prints over 50, 10 Day streaks and a 50day moving average signal only seen a handful of times (4/n) ImageImageImage
5th, a rare SPX Breadth signal that almost has NO DRAW DOWNS at all what so ever (5/n) Image
6th, we had rare instance of % above 200day, dipping below, then back above 15% (6/n) Image
7th, rare signal of Weekly RSI Crossing up through 30 (7/n) Image
And Lastly, BELIEVE IT OR NOT, historically LOW P/C ratio, which is rarely seen in bear markets! (8/n) Image
To sum it up, the market has been talking to us since March Lows. We just need to find the ability to drown out the noise and listen... This doesn't mean we can't see significant pull backs, of course we can... But hard data like this is INVALUABLE in making decisions! (END)
Add this to the current list of Historically bullish LT Signals.
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