{"id":16367,"date":"2025-03-29T00:05:27","date_gmt":"2025-03-29T00:05:27","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/29\/silver-cross-index-tops-beneath-signal-line-on-spy\/"},"modified":"2025-03-29T00:05:27","modified_gmt":"2025-03-29T00:05:27","slug":"silver-cross-index-tops-beneath-signal-line-on-spy","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/29\/silver-cross-index-tops-beneath-signal-line-on-spy\/","title":{"rendered":"Silver Cross Index Tops Beneath Signal Line on SPY"},"content":{"rendered":"
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One of the indicators that Carl Swenlin developed is the Silver Cross Index. It is one of the best participation indicators out there! Here\u2019s how it works:<\/p>\n

We consider a positive 20\/50-day EMA crossover a \u201cSilver Cross\u201d. If a stock has a Silver Cross it has a bullish bias. The opposite of a Silver Cross is a Dark Cross. Stocks with a Dark Cross have a bearish bias.<\/p>\n

The Silver Cross Index measures the percentage of stocks holding Silver Crosses. The current percentage on the Silver Cross Index is just 37% so this tells us that 63% have bearish biases. This condition suggests to us that the market has more downside to absorb.<\/p>\n

The Silver Cross Index was nearing a Bullish Shift across its signal line, but instead has topped. It is likely to continue declining given less stocks are above their 20\/50-day EMAs versus the Silver Cross Index percentage.<\/p>\n

Participation measured by the percent of stocks above their key moving averages are all below our bullish 50% threshold. Stochastics have topped and the PMO topped Friday. The short-term rising trend has been broken. This looks like a textbook reverse flag formation that was confirmed with Friday\u2019s decline. The minimum downside target of the pattern would put price near 480. This sure has the earmarks of a failed bear market rally.<\/p>\n

Conclusion:<\/strong> The Silver Cross Index is at a very low 37% and has now topped beneath its signal line. Participation, as measured by the %Stocks > 20\/50EMAs,<\/em> is mediocre at best and reading below the Silver Cross Index. This looks like the end of a bear market rally based on the bear flag that was confirmed on Friday.<\/p>\n

(Note: This chart is from our \u201cUnder the Hood\u201d ChartList on DecisionPoint.com. We have these charts with the Silver Cross Index for all the major indexes, sectors and select industry groups. All subscriptions include access to these charts!)<\/em><\/p>\n

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Technical Analysis is a windsock, not a crystal ball. \u2013Carl Swenlin<\/strong><\/p>\n

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Disclaimer:\u00a0This blog is for educational purposes only and should not be construed as financial advice. The ideas and\u00a0strategies should never be used without first assessing your own personal and financial situation, or without consulting a\u00a0financial professional.\u00a0Any opinions expressed herein are solely\u00a0those of the author, and do not in any way represent the views or opinions of any other person or entity.<\/em><\/strong><\/p>\n

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Helpful DecisionPoint Links:<\/strong><\/p>\n

Trend Models<\/strong><\/a><\/p>\n

Price Momentum Oscillator (PMO)<\/strong><\/a><\/p>\n

On Balance Volume<\/strong><\/a><\/p>\n

Swenlin Trading Oscillators (STO-B and STO-V)<\/strong><\/a><\/p>\n

ITBM<\/strong><\/a> and <\/strong>ITVM<\/strong><\/a><\/p>\n

SCTR Ranking<\/strong><\/a><\/p>\n

Bear Market Rules<\/a><\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

One of the indicators that Carl Swenlin developed is the Silver Cross Index. It is one of the best participation indicators out there! Here\u2019s how it works: We consider a positive 20\/50-day EMA crossover a \u201cSilver Cross\u201d. If a stock has a Silver Cross it has a bullish bias. The opposite of a Silver Cross […]<\/p>\n","protected":false},"author":0,"featured_media":16368,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-16367","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/16367","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=16367"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/16367\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/16368"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=16367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=16367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=16367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}