Stock market at very critical resistance indicator!

Percent of Stocks Above 200-Day Average (INDEX:MMTH)

INDEX:MMTH Percent of Stocks Above 200-Day Average

trendanalysis chartpattern indicator stocks market decisionpoint marketforecast

If we track % of stocks above or below their 200 day moving averages on a WEEKLY time basis - there are some very clear bull market reversal signals as denoted. We are back to a very critical resistance area that once break up, we could see a very sizeable extended multi-year stock market pump. This would in turn seal the deal I believe for a second presidential turn and the Trump re-inflation of the stock market which will eventually lead to a parabolic top most likely.

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