|Simple Trading Ideas||
The daily chart below shows $SPXA50R, the S&P 500 Percent of Stocks Above the 50-Day Moving Average. It has been declining since the end of June showing a divergence with the S&P 500 index. You can read more about the $SPXA50R if you search this site. The horizontal lines are for reference. The upper half is bullish and the lower half is bearish. During pull backs $SPXA50R can decline below 40%. In an uptrend this could be a good buying opportunity.