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.


Video: How to interpret 40 DMA % Index

Download: StockFinder  5.0  – 40 DMA % Index indicator

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