3/5/2017: Sp500 breadth analysis

In this post, I am updating an important sp500 breadth indicator: the percentage of stocks above 50 days MA: SPXA50R in short word symbol. (not the only one) to analyze the market. Some technical characters are as following:

• SPXA50R started the divergence from index since Jan 2017
• SPXA50R break down 20 days EMA and can not retake it until hit the bottom in last April's correction
• SPXA50R break down 20 days EMA and try to retake 20 days EMA, but failed (still make poor new high 2192 ) in last August's correction
• the present SPXA50R's EMA 13days, 20 days ,34 days all point up, only MA 50days run flat.
• EMA 13days, 20 days ,34 days are all above MA 50days
• SPXA50R itself is above EMA 13days, 20 days ,34 days

http://schrts.co/N5mRBW

In summary, the divergence of SPXA50R from index is a warning sign, not a bad sign yet. The long profit taking or initiating short position should start from when the SPXA50R break down 20 days EMA and failed retake 20 days EMA. 

My personal opinion is not for any investment purpose, but for education and illustration.