|Simple Trading Ideas||
$SPXA50R shows the percent of S&P 500 stocks above their 50-day moving average. The chart below shows $SPXA50R with the 5-day and 20-day EMAs. The shorter term EMA crossed below the longer term EMA. There is $SPX, the S&P 500 index in the background. The indicator shows the correlation between $SPXA50R and $SPX which is most of the time close to 1. It means high correlation.