Looking at this indicator S5FI (Stocks above 50 day moving average) a reading above 50.0 is bullish and means institutions and hedge funds are more likely to hop in and hold the market up if you noticed on Wed we got above 50.0 to 50.29 but then we came down and closed at 47.91 meaning even institutions and hedge funds don't wanna buy this up here at the moment so tread with caution next few trading days most likely we see a decent pullback on Indexes like SPY & NAS100USD
Catatan
Also the blue line at 49.47 is the 100 EMA and we got above then closed way below it at 47.91.. definitely not a great sign for bullish members at the moment.
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