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