THREAD | The market is NO WHERE near max pain levels.
The % of stocks trading above their respective 50d & 200d ma's is still fairly high.
4 Charts:
1. $COMPQ % of Stocks above 200d
2. $SPX % of Stocks above 200d
3. $COMPQ % of Stocks above 50d
4. $SPX % of Stocks above 50d
The % of stocks trading above their respective 50d & 200d ma's is still fairly high.
4 Charts:
1. $COMPQ % of Stocks above 200d
2. $SPX % of Stocks above 200d
3. $COMPQ % of Stocks above 50d
4. $SPX % of Stocks above 50d
$COMPQ % of Stocks above 200d:
73.15% - still at one of the highest levels over the past decade.
Plenty of downside to work with.
73.15% - still at one of the highest levels over the past decade.
Plenty of downside to work with.
$SPX % of Stocks above 200d
83.37% - still at one of the highest levels over the past decade.
Plenty of downside to work with.
83.37% - still at one of the highest levels over the past decade.
Plenty of downside to work with.
$COMPQ % of Stocks above 50d
63.32% - well above any extreme levels. Plenty of room to drop.
63.32% - well above any extreme levels. Plenty of room to drop.
$SPX % of Stocks above 50d
59.01% - well above any extreme levels. Plenty of room to drop.
59.01% - well above any extreme levels. Plenty of room to drop.
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