Major Market Swing Signal (End of Day) Tuesday 4-19-22
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66% of the Dow Jones is on an Upswing
64% of the S&P 100 is on an Upswing
59% of the Nasdaq 100 is on an Upswing
60% of all Three Indexes Top Holdings is on an Upswing
Notice the change from Monday (4-18-22)
The Dow Bullish Swing Percentage had a huge increase of 30% this changed the Swing to Bullish from Bearish
The S&P 100 Bullish Swing Percentage had a huge increase of 22% this changed the Swing to Bullish from Bearish
The Nasdaq 100 Bullish Swing Percentage had a huge increase by 30% turning the Swing Bullish from Bearish
All the Top Holdings Bullish Swing Percentage had a huge increase of 25% this changed the Swing to Bullish from Bearish
Notice that all three of the Categories increased dramatically from 20% to 30% compared to Monday, turning everything Bullish. This caused BTA to exit almost all our Short Positions. This was a very Strong move under the hood as the Major Indexes rallied
The market is now in a Bullish Swing according to our analysis (It looks like the BEARS may have just lost control)
We just want to see another day of follow-through, and then we will only be looking to go long while the Major Swing Signal is Bullish
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