http://stockcharts.com/h-sc/ui?c=$OEXA200R
It is basically the percentage of S&P 100 stocks that are above their 200dma.
Interesting to note it just dropped to 43.
"If the $OEXA200R drops below 50% I interpret that as the sure indicator of a cyclical bear correction. In practical terms, it is the drop-dead “STOP ALL TRADING!!” signal." - http://systemtradersuccess.com/is-this-the-best-stock-market-indicator-ever/
Submitted March 24, 2018 at 03:03PM by tree-farmer https://ift.tt/2pHCzPV
