SPY recapturing 10vs20 MA but seemingly at a inflection point
With SPY$SPDR S&P 500 ETF Trust(SPY)$ recapturing 10vs20 MA but seemingly at a inflection point with peak to its year long DTL, along with overbought numbers in various oscillators & highest MMTW % since june 2020,
I did a 5 years quick review of what MMTW % really means in conjunction to a MA crossoverusing 50% MMTW benchmark can be a great gauge for short term traders as an market internal. % stocks breakdowns below 20MA ahead of meaningful market pullback, likewise for the opposite.
I annotated MMTW % on every bull/bear golden cross against 10-SMA vs 20-SMA on SPX$S&P 500(.SPX)$ 2015 H2
2016
$Cano Health(CANO)$ expectation vs reality
https://twitter.com/jeffsuntrading/status/1614614337200721920
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