Wednesday, August 3, 2016

Down Opens Predict A Down Market Short Term INDEXSP:.INX

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*We love watching simple opens to see if the market is bullish or bearish.
*Yes such a simple indicator tells you where many stand.
*We show you that the recent trend has been a warning sign of imminent downside.
We discovered several years ago that bull markets usually have up opens and bear markets usually have down opens. So which market (NYSEARCA:SPY) is this one. Not sure. But in the near term the up open to down open trend could mean imminent downside. We'll show you.
Here's a run we did with a 10 day moving average of the number of up opens to down opens. A very simple run. You can see the run at the end of the report.




Chaim Siegel has been working with hedge funds and mutual funds as an analyst and PM his entire career. Chaim specializes in earnings and predicts, analyzes and reacts to earnings and earnings events as well as developing current company stories with a hedge fund perspective. If you want his analysis real time sign up to the right for real time email alerts. #in, $spy, $qqq, $iwm, $vxx, $ycs, $fxe, $EUO, $YCS, ^GSPC, INDEXSP:.INX, #elazaradvisorsllc, CME Globex: ES Disclosure: These trades can lose you money and principal especially when using leverage BY USING THIS SITE YOU AGREE TO TAKE ALL RESPONSIBILITY FOR YOUR OUTCOMES AND LOSSES AND HOLD BESTIDEAS, ITS CONTRIBUTORS AND ELAZAR ADVISORS, LLC HARMLESS