No problems on the 40 DPI yet.. Long and Strong $SPX

Score: +2

The 40 DPI lost some of its strength, but not much.. it remains well above its 20 DMA and therefore tells us the long side is the right side of the trend for now.


The NYSE and RUT have a little hook but the Nasdaq strengthened.  If we continue to show softness tomorrow I might begin to become concerned of the long side but for now.. long and strong..


Video: How to interpret 40 DMA % Index

Download: StockFinder  5.0  – 40 DMA % Index indicator

Follow me: @redliontrader

Leave a Reply