[SPX] SMA Trend Analysis - Beautiful 10 & 200 & POC Convergence
Alrighty, long term I'm looking to build some kind of SMA trend and volume analysis model that could provide useful signals based on the angle of the trend lines and the POC and this is the start.
Like if you wish to support my work!
10 & 50 moving in parallel about ~7 degrees below the 200.
100 moving ~15 degrees below the 200.
POC is converging beautifully right with the 10 and 200 strongly signaling something is reaching a breaking point either up or down.
All fundamentals and technicals pointing to down. All hopes and dreams and FOMO pointing to up.
The market cannot be equal in value today as in January 2019. That is fundamental insanity.
So this will almost certainly be a breaking point downward.
Anyway, I digress!
Let's note here that the...
200 is trending 12 degrees below the POC
100 - 23 below
50 - 16 below
10 - 16 below
Lets call the average of these four Market Gravity POC. That gives out a Downward Gravity of 16.75.
Here's my first shot at reading the tea leaves:
I would say the 100 moving at such a steep degree against the 200 and twice the degree of the 10 and 50 is an extremely bearish short term signal. And the tandem trend of the 10 and 50 as bearish as well.
The fact that the Market Gravity POC runs below the 10, 50 and 200 is also a very bearish signal.
I would say the case is made AT LEAST for the market retesting March lows if not a medium to high degree of downside potential beyond that.
Where you at?
Like if you wish to support my work!
10 & 50 moving in parallel about ~7 degrees below the 200.
100 moving ~15 degrees below the 200.
POC is converging beautifully right with the 10 and 200 strongly signaling something is reaching a breaking point either up or down.
All fundamentals and technicals pointing to down. All hopes and dreams and FOMO pointing to up.
The market cannot be equal in value today as in January 2019. That is fundamental insanity.
So this will almost certainly be a breaking point downward.
Anyway, I digress!
Let's note here that the...
200 is trending 12 degrees below the POC
100 - 23 below
50 - 16 below
10 - 16 below
Lets call the average of these four Market Gravity POC. That gives out a Downward Gravity of 16.75.
Here's my first shot at reading the tea leaves:
I would say the 100 moving at such a steep degree against the 200 and twice the degree of the 10 and 50 is an extremely bearish short term signal. And the tandem trend of the 10 and 50 as bearish as well.
The fact that the Market Gravity POC runs below the 10, 50 and 200 is also a very bearish signal.
I would say the case is made AT LEAST for the market retesting March lows if not a medium to high degree of downside potential beyond that.
Where you at?
Data analyst with a passion for best fit lines B)
