Moving averages have been on a general downtrend all year

Percent of Stocks Above 20-Day Average (INDEX:MMTW)

INDEX:MMTW Percent of Stocks Above 20-Day Average

Beyond Technical Analysis MMTW mmfi MMOH NDTW NDFI NDOH S5TW S5FI S5OH

beyondta mmtw mmfi mmoh ndtw ndfi ndoh s5tw s5fi s5oh

This is a chart of various Moving Averages for NYSE(MM), QQQ(ND), & SPY(S5).

TW = 20D MA
FI = 50D MA
OH = 100D MA

I drew trend lines for the 3 different 100D TLs that all signal a general downtrend. Next year is gonna be wild.

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