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I see TRIN last long signal was 7/13 this indicator will often lag a day or two.
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Oh I forgot to mention this little indicator tells me to be cautious on the long side. It works inverse to the market. It is best to enter long when a 20Bar high is in place. Once signal occurs you want the TRIN to drop. Once TRIN bottoms and hooks up you look to go short. I overlaid a 3 day simple moving average and this is what I’m keying off.Comment
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The more I try to figure what the market will or won’t do the more I look like a fool.
Here is a slop chart of the S&P. Notice how the third time of the resistance test it pops through it. This is a Bullish sign. What I find even more bullish was the successful retest of the line. Then we flounder around for a few days and Support holds. I guess I’m in the Bull camp back down to around 1291. I wonder if the current Support around 1302 will hold?
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