A simple way to detect market bull or bear
A simple way to detect market bullish OR bearish.
sum stocks on RSI 70 zone and sum stocks on RSI 30 zone.
if bullish , RSI 70 line will go up, RSI 30 line will go down.
if bearih , RSI 30 line will go up, RSI 70 line will go down.
RSI as a stand alone stochastic is a terrible indicator to base market timing on
Or you could just zoom out to a daily/weekly/monthly timeframe and have a look whether it's going up or down?
It doesn't take a genius to look at the S&P or the NASDAQ or the DOW and tell whether it's trending up or down.