RE: Stan Weinstein's Stage Analysis and Market Breadth - Technical Analysis
(2022-09-02, 04:21 PM)pcabc Wrote: CryptoThe little move up seems to have been a glitch in the data, as in the current chart this does not show. Little point in posting the latest chart, as apart from that little has changed.
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The Silver Cross Index [14] had dropped down in the last couple of weeks after showing strength [14]. However, it has just moved up a little, and is above, just, its MA. ...
Quote:...My very short [A, red] , short [A blue] and medium term [B, green] aggregate breadth scores are all on the rise.
I'm optimistic at present that this may be a bottom, but note that I could easily be wrong.
Still true for short and very short term aggregate scores. For the medium term score less clear. Prices are testing recent lows again. So I'm less optimistic than I was Friday. As crypto seems now to correlate with equities I suspect that if a new low is reached with the S&P500 crypto might also break down. However, it is too soon to see what happens there.