Major Market Swing Signal (End of Day) Friday 4-22-22

This content and any associated materials are for informational, educational, and entertainment purposes only and nothing should be construed as a recommendation or rating to buy, hold, or sell any securities. BTA is not a licensed Adviser and can not give financial advice. Please see our Disclaimer on the Website

10% of the Dow Jones is on an Upswing

8% of the S&P 100 is on an Upswing

4% of the Nasdaq 100 is on an Upswing

6% of all Three Indexes Top Holdings is on an Upswing

Notice the change from Thursday (4-21-22)

The Dow Bullish Swing Percentage had a major decrease of 56% changing the Swing to Very Bearish from Very Bullish Bullish

The S&P 100 Bullish Swing Percentage had a major decrease of 55% this changed the Swing to Very Bearish from Bullish

The Nasdaq 100 Bullish Swing Percentage had a big decrease of 38% this changed the Swing to Very Bearish from Bearish

All the Top Holdings Bullish Swing Percentage had a major decrease of 50% this changed the Swing to Very Bearish from Bullish

Notice that all three of the Categories had a substantial decrease in the Bullish Swing Percentage.

The market is now back into CORRECTION and we have to wait for a Follow-Through Day to give us the green light

The market is in a Very Bearish Swing according to our analysis this is a very dangerous time and the market is extremely volatile. We are seeing violent swings every few days, This is a dangerous time to trade, and keeping more cash on the side may not be a bad idea until we get the Follow-Through Day

This is a very choppy market and difficult for trend followers like us.

Thank You

BTA