Hindenburg Omen is triggered for NYSE.
Will update more on this, what are the conditions and how it is traded.
I just wish if similar data would be available for NSE.
Meanwhile I did a simple analysis of the SPY and the NYSE new highs- new lows with the stocks above 50 DMA. The charts showed that while SPY was making new highs the NYSE breadth is not following it. And at market tops like this where there are two doji's makes this a very significant factor.
Will post the complete in next few posts.
Will update more on this, what are the conditions and how it is traded.
I just wish if similar data would be available for NSE.
Meanwhile I did a simple analysis of the SPY and the NYSE new highs- new lows with the stocks above 50 DMA. The charts showed that while SPY was making new highs the NYSE breadth is not following it. And at market tops like this where there are two doji's makes this a very significant factor.
Will post the complete in next few posts.
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