Let's see if we continue to underperform US indices or join them and resume the uptrend again. last time we did bounce off the -0.33 correlation coeff level. This time, fingers crossed :)
The price of the S&P 500 is increasing but the Awesome Oscillator is decreasing, this states that a great downfall is coming ahead.
There is proof that a downfall will come because whenever this situation comes, that when the market is rising and the AO is not rising the markets went down brutally.
Please check in the years 2000 and 2008 the same thing...
This is non-repainting indicator which can be used for Index, Stocks, Commodities and Bitcoin or any other securities depending upon the various parameter setting of the indicator. The detailed description about the indicator is as follows:
I have taken 2 lots of SPX as default trading quantity and one for partial booking after 75 points which can be customized....
