TRIN Arms Index Daily Chart

TRIN Arms Index shows a 1.05 close for yesterday, on the bearish side, despite the run up in the indexes. The high red shadow on the red candlestick shows the bearish action early in the day yesterday but then a move lower towards the bull-bear standoff one number to close the day. Odd behavior since the TRIN would have been expected to be lower for a move like yesterday. Now the TRIN numbers are tightening into a sideways symmetrical triangle so any day there will be a big resolution one way or the other.

The MA's are lined up in favor of the market bears with the 20 MA above the 50 MA above the 200 MA, but, price is the ultimate leader, so bears need a TRIN above 1.2 so the price and all MA's are lined up for an up move in the TRIN, above one, which is bearish. Of course, if the TRIN prints sub 1.0 numbers moving forward the market bulls are running. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your finanical advisor before making any investment decision.