Exhaustion Watch

This time we will do things a little differently. At first look at ActB Trend vs Exhaustion which is at a 100% at odds meaning the current trend is down but all timeseries are at an exhausted level. The same message you find with our Score Indicator (MOMO summation Indicator where neg. values mean oversold and vice versa) and even our weekle TD & Pivot (W_TD_P) Indicator. This is very normal for the final stages of a countertrend rally.

What I do want to highlight this week is some of our FLOW and TimeAnalysis we do. Pls look at LgTR/P Cor (Large Traders Flow correlation to Price) which by default cannot grow beyond100%. Normally if we see Institutional Flow completely aligned with the Price action then we tend to be close to the strongest part of the MOVE.

When we have a Correlation better then 85% and see Institutional Money slowly move away from the price action then (which we measure in days with LgTR/P TimeAnalysis: Value > 0: # of days with an improving correlation vs. Value <>

I marked all critical candidates in Orange/White. You will find that all key ETF are in that group.

A final word to Gold: Yes, Gold is in the just mentioned group as well and is close to the 50d Bollinger Band and the uptrend in terms of seeing the 5d SMA (simple moving average) above the 50d SMA in terms of DAYS also seems to reach some extremes, meaning.....Gold goes parabolic (up) or take a break here soon....