The Average Investor's Blog

A software developer view on the markets

The DVI indicator turning

Posted by The Average Investor on Dec 23, 2011

A close on the SPY of above $124.46 (which is -0.65% from the yesterday’s close) will signal a short position according to the DVI indicator, which has been exceptionally successful in predicting the SPY this year (which means nothing of course:)).

It is interesting to note that a close above $126.10 will be above the 200-day moving average. Something unseen since Dec 7th, and the last time this (SPY closing above its 200 day SMA) happened for more than 3 days in a row, was back in August.

In any case, happy trading and merry holidays!

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