S&P500 – PAS SETUP Analysis

Shown below is one of the indicators used for the analysis of the PAS SETUP.

This weekly indicator help to spot the intermediate buy point on the S&P500, it is constructed with the week’s most active stocks.

It is basically an overbought/oversold index but it takes also into account of the 9-week cycle.

Very good buy point are clearly annunced when this indicator falls below of -25 or more:

S&P500

Two weeks ago the indicator fell below -25, it could be an intermediate buy point:

SP

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s