the 8 S&P 500 sectors that I follow weekly; for a listing of the forty issues, check out this post.
The computation of novel highs as well as lows uses daily high as well as depression prices, as well as then these are non necessarily *closing* five-day highs as well as lows.
What nosotros encounter is that the novel highs/lows tend to shift ahead of of import short-term tendency changes inwards the S&P 500 Index (SPY; bluish line). Note, for example, how five-day lows dried upwardly at the July bottom; how novel highs stimulate got peaked inwards the electrical flow marketplace position as well as right away are beingness overtaken past times novel lows.
Reversals, inwards which a plurality of novel highs is replaced past times a plurality of novel lows as well as vice versa, are meaning inwards terms of short-term tendency shifts. I am currently watching closely the reversal blueprint that appears to last nether agency at present.
In a longer-term marketplace position uptrend, spikes of novel lows volition move on at successively higher prices as well as brand worthwhile points to view for entry on swing trades, peculiarly when those novel lows start drying up. Similarly, inwards longer-term downtrends, spikes inwards novel five-day highs volition frequently brand proficient entry points for brusk sales.
Breaking out the novel highs/lows past times sector also is quite helpful inwards identifying shifts inwards forcefulness due to sector rotation.
I volition last posting these information regularly equally role of a continued expansion of determination back upwardly tools. Eventually, I volition also postal service intraday novel highs/lows, which are unusually helpful inwards identifying directional shifts/transitions that move on inside the trading day.
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