The Holy Grail

If there is any...this may be it

 As of Close of August 21, 2023

 Holy Grail History 

 

Watch this as SPY Makes New All Time Highs

Watch this setup as SPY makes new all time highs for signs of impending correction

SP500 correcting from all time high, Breadth not favorable. NYSI < 500, means last all time high is at risk.

(Chart updated after the close of January 07,  2022)

 I plan to manage my longs using my short term trading setup. You can mange yours by using a trend line. The green trend line is more important than you may think. Remain long as long as price is above the green trend line, quite when it breaks.

*Why NYSI must rise to 500? See here:
http://www.mcoscillator.com/learning_center/weekly_chart/summation_indexs_magic_tricks/

TRIN as a Predictor of Stock Market Direction

  **This is for informational purposes only and not a recommendation to Buy or Sell E-mini or any other investment vehicle**

TRIN is a widely followed breadth measure of US stock market. However, its erratic nature makes it difficult to use as a measure to time the US equities in the short or long run. This  limitation, however, is resolved by the application of few less conventional smoothing measures. The enclosed charts show the fidelity of application of these smoothing measures in predicting market turning point both in recent and distant times, including the infamous crash of '87. In these charts green color of an indicator is considered equity bullish and red as bearish.

Currently this setup is in Buy mode. Equities usually don't do well when this setup is in Sell mode. On the charts below green and red vertical lines indicate buy/sell points for SPY.

Technical Details:
MoMo is a plot of 34 minus 89 periods Smoothed Moving Average of 1/TRIN (Inverted TRIN)
SineWMA, 89 periods Sine-Wave Moving Average of TRIN
TriMA, 89 periods Triangular Moving Average of TRIN

  Present

(as of close of October 18, 2019)

2008-2016

2006-2009

2002-2006

 1997-2002

1987-1990