TRIN Arms Index Daily Chart

The TRIN is exhibiting the same behavior as the NYAD chart just posted, only uber bullish euphoria is represented by extremely low TRIN numbers (similar to high NYAD numbers), typically under 0.50, but 0.61 is very low as well.  The red squares represent where quickie snap back market sell off moves occurred. These sell off moves may manifest as a simple intraday sell off for markets, or the snap back move may last a day or few.  If the TRIN moves lower, that shows the uber bullishness becoming even greater and brings the markets even closer to snapping back for a sell off move, and provides opportunity for bringing on index shorts. A 5 or 10 handle move lower for the SPX will relax the uber bullishness shown by the low TRIN. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.