Short-term timer: CASH
Intermediate-term timer: MIXED
Long-term timer: LONG
Long-Cash Ratio: 0.711, increased +5% from previous day
% Longs in the Database: 41.5%, up 1.1%
(right click on the image to open in a new tab or window)
I'm seeing more green on the right side of the slope of the slope table above, which means that we're getting closer to a LONG signal. As you can see on the left side, the 2d has transitioned to green, so the 2d slope is now positive. I need the 3d and the 5d to turn before the short-term timer will transition to LONG.
The intermediate-termed timer is MIXED, which means that internally, some things are not confirming each other. We're right at a threshold, where the markets have equal probability of moving up or down. Literally, we are at the 50/50 point.
The Cumulative TICK indicator shows that all the moving averages are converging to the 10d (red). Any strength in the market will put the real-time TICK (white) above red, which will pull the remaining averages up with a positive slope. Once they all have a positive slope entering the market has a good risk/reward.
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