40 DMA % Index tumbles back into bear territory.. $SXP

Score: –4

 

Friday’s trend down day broke the bullish tone set in the 40 DPI from the previous week.  Both the NASDAQ and RUT have crossed below their 20 DMA which serves as as trigger line for this index.   NYSE is one weak day away so a Monday follow through day would put us back into the strong bear camp.

image

Video: How to interpret 40 DMA % Index

Download: StockFinder  5.0  – 40 DMA % Index indicator

Follow me: @redliontrader

Be the first to comment on "40 DMA % Index tumbles back into bear territory.. $SXP"

Leave a comment