|Simple Trading Ideas||
$SPXA150R is the S&P 500 Percent of stocks above their 150-day moving average. $SPXA150R is a breadth indicator. The chart below shows the 5-day and 20-day EMA with $SPX in the background for comparison. There is a noticeable divergence between the two charts. $SPXA150R started to decline before $SPX. This is a bearish divergence which could be a sign of a medium term trend change.