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Major Market Swing Signal (End of Day) Tuesday 4-26-22

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3% of the Dow Jones is on an Upswing


2% of the S&P 100 is on an Upswing


2% of the Nasdaq 100 is on an Upswing


2% of all Three Indexes Top Holdings is on an Upswing


Notice the change from Monday (4-25-22)


The Dow Bullish Swing Percentage decreased by 10% the Swing remains Very Bearish


The S&P 100 Bullish Swing Percentage decreased by 6% the Swing remains Very Bearish


The Nasdaq 100 Bullish Swing Percentage decreased by 2% the Swing remains Very Bearish


All the Top Holdings Bullish Swing Percentage decreased by 4% the Swing remains Very Bearish


Notice that all three of the categories decreased slightly. They now have low single-digit Bullish Swing Percentages. This is an extremely weak market


The Indexes are now testing and starting to break key support levels on the weekly chart if they don't bounce look out below


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


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


The BEARS are firmly in control now


Thank You

BTA

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