The percentage of stocks in the S&P 500 above their own 50 day moving average is a great indicator. The only problem I have with it is the variability in the calculation. StockCharts (what you show) has 52%. Sentiment Trader has 60.24%. Duality (on Substack) has 60.4%. The difference between 52% and 60% is large enough to draw a different conclusion.
The percentage of stocks in the S&P 500 above their own 50 day moving average is a great indicator. The only problem I have with it is the variability in the calculation. StockCharts (what you show) has 52%. Sentiment Trader has 60.24%. Duality (on Substack) has 60.4%. The difference between 52% and 60% is large enough to draw a different conclusion.
It’s a good indicator I agree
It was 52% last week this week it’s at 61% on stock charts this week