A chart to measure the health of the market $MMFI @TradingView
I often look at MMMFI to keep an eye to the momentum of the market in general. For me its like another Advance Decline Line of the 
SPX but with a little better information. Now I can see that for the past 6 years, every time that percentage hits more than 84%, the SPX is in the beginning of really good bull run, but normally is just after a market correction.
The great Mark Minervini recently tweetted "Fundamental backdrop remains bullish. I'm not calling for a bear market, but a run up from current levels with increased bullish sentiment would likely be a selling opportunity before a market correction.". His opinion is one of the most influential in my trading so, I´ll be very careful this upcoming days.
SPX but with a little better information. Now I can see that for the past 6 years, every time that percentage hits more than 84%, the SPX is in the beginning of really good bull run, but normally is just after a market correction.The great Mark Minervini recently tweetted "Fundamental backdrop remains bullish. I'm not calling for a bear market, but a run up from current levels with increased bullish sentiment would likely be a selling opportunity before a market correction.". His opinion is one of the most influential in my trading so, I´ll be very careful this upcoming days.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.