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MMTW daily chart provides clues for near-term SP500 direction

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Percent of Stocks Above 20-Day Average (INDEX:MMTW)  
Sasquatch_Trader 已更新   
INDEX:MMTW   Percent of Stocks Above 20-Day Average
Trend Analysis Technical Indicators trend breadth SPDR S&P 500 ETF (SPY)
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trendanalysis indicator trend breadth spy
I am now looking at the MMTW daily chart which is focused on the % of SP500 stocks above their 20-day moving average. This may be the beginning of the next bear leg down for the US stock market.
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SPY is now hitting overhead resistance at the 200-day Moving Average.

Chart at schrts.co/daFYJ3
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