View Full Version : 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.
SNP eod oct 15 Attached Thumbnails http://www.trade2win.com/boards/attachments/trading-systems/180586d1413417655t-simple-way-detect-market-bull-bear-snp1015-rsi-70-30.png (http://www.trade2win.com/boards/attachments/trading-systems/180586d1413417655-simple-way-detect-market-bull-bear-snp1015-rsi-70-30.png)
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.
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