- A TRIN reading of 2.0 or higher typically indicates a short-term bottom. Several examples of this are seen here going back to 2009.
- In all previous examples the 2 week moving average of TRIN was above 2.0. Currently the 2 week MA of of TRIN has not yet reached greater than 2.0
- TRIN closed this week at 1.17.
- A rising negative TICK appears to be an indicator of bottoming.
- A consecutive positive weekly TICK would confirm a new uptrend is in place.
- In all previous examples the 2 week moving average of TRIN was above 2.0. Currently the 2 week MA of of TRIN has not yet reached greater than 2.0
- TRIN closed this week at 1.17.
- A rising negative TICK appears to be an indicator of bottoming.
- A consecutive positive weekly TICK would confirm a new uptrend is in place.