BIG Picture Snapshot 05-23-2016     Published Sunday

   
GOAL of Analysis:

> Major indexes are analyzed to determine market prevailing direction.

4 Market stages: Basing, Advancing, Topping, Declining

Current Market Stage:  CAUTION - major indexes below 20dMA

 
Color Key:

Green (Bullish) - ABOVE 20 & 50-day Moving Averages (dMA)

Orange (Caution) - BELOW 20 & ABOVE 50dMA  or  ABOVE 20 & BELOW 50dMA.

Red (Bearish) - BELOW 200dMA

chart courtesy StockCharts.com     composed by SelectiveChartists.com