Thread: A simple way to detect market bull or bear

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  1. #1

    Default 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.
  2. #2

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    SNP eod oct 15 Attached Thumbnails
  3. #3

    Default

    RSI as a stand alone stochastic is a terrible indicator to base market timing on
  4. #4

    Default

    Or you could just zoom out to a daily/weekly/monthly timeframe and have a look whether it's going up or down?
  5. #5

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    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.

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