MAMOx Update

The last time the MAMOx indicator turned was in the second week of December prior to the bull run.  After two months of bullish skew the MAMOx still favors the long side, but I’ve noted that momentum has started to wane in the last couple weeks.

If this tool gives provides traders and investors one thing, it’s patience. At this stage, the bull market trend is still innocent until proven guilty.  Proactively protecting gains after such a long run is important. Price action over the next week or two will be critical.

For anyone who has not followed this indicator, the blue line above the zero line is bullish, below is bearish.

See also: MAMOx Year In Review for some historical perspective.


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