All of the shorter term averages (red) are rising above the longer term averages (blue) in a RWB up-trend. The daily closes are shown by the dotted line. Note the oversold bounce marked by a blue dot in the second daily chart. I plan to explain my blue dot indicator in my presentation at the Boston IBD Meetup online in May. More details about this meeting in a future post.
Hi, I feel like commenting your posts. I’m Oscar, from Barcelona, Spain. First, thank you for your updates, this year will be of good help to navigate these choppy waters. Second, I’ve noticed that the last long signal on 01/17/2025 was helpful for a risk on movement on equities, specially international: Europe/China, but now that the signal is red since 02/24 all other non-us indices remain stronger still very choppy with a lot of volatility. Unfortunately, lot of traders will blow up in the mid of this confusion so knowing when to go cash is key. Not to say if we’re going into a bear market (literally impossible to know rn), we will see how buy and holders keep supporting their strategy and don’t panic sell. Regards, Oscar.