The chart above is that of the SP price deviation from the 14-day
EMA.
It is expressed as percentile, so that the latest figure, 30,
means that 70% of the time the SP price deviation from its 14-day
EMA has been higher.
Notice that it tends to approach the extremes (almost) as a
quantum leap.
So we can expect this market to "polarize" to the upside soon.
2 comments:
euro redemption's at some big hedgies. Nobody's playing nice. Run on these non FDIC insured - non regulated hedgies reaching frightening levels. Unfortunately for the hedgies this environment won't allow them to pull a a Monty Python at the gates.....ie. go away or I will fart in you general direction.
Those days are over.
Great chart! I also believe in the shot up, but not sure if it will penetrate the 750 ceiling.
Will, what is your target?
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