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Major Market Swing Signal (End of Day) Thursday 6-16-22

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The Major Indexes traded down really Hard today. All the Major Indexes closed down over 3 and 4%. The only good thing is that the Volume was lower


The Major Indexes are below all the Key Moving Averages on the Daily and Weekly Charts


All the Major Indexes are now in search of a New First Day Rally attempt, Because Prices closed below the Low of the past 1st Day Rally Attempt the count had to be started over.


The percentage of stocks in a Bullish Upswing is very Low in all the Categories.


13% of the Dow Jones is on an Upswing


9% of the S&P 100 is on an Upswing


12% of the Nasdaq 100 is on an Upswing


10% of all Three Indexes Top Holdings is on an Upswing


The Advance-Decline Diff Invisible Chart Indicators are back in negative territory and telling us to be more in cash and move more to the sidelines


The Weekly Bollinger Band, Stochastic, RSI, and MACD Strategy has now fallen back below the lower band of the Bollinger Band on all the Major Index ETFs (DIA, SPY, QQQ, IWM, and ITOT). We must now wait for a NEW Set-Up Week and Signal Week.


The Bollinger Band trading Strategy is now resetting.


In regards to Economic reports Friday, 6-17-22 Fed Chair Powell Speaks at 8:45 am


Also, Friday is Triple Witching Day this is when stock options, stock index options contracts, and stock index futures all expire on the same trading day. It's going to be a lot of trading Volume and possibly large price swings up and down


The BEARS are FIRMLY in control now. The Bear Market is now back in place

Thank You

BTA


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