Crypto Market Barometer released on advance-decline.net

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  Crypto Market Barometer released Today I published my simple but easy-to-read Crypto Market Barometer on our website https://www.advance-decline.net. Click here to get to the new Crypto Market Barometer. This is how the main chart looks like: What's behind the new Crypto Market Barometer We believe that one simple but effective method of gauging the health of a market is to look at how many of the most important individual assets trade above their important SMAs. Since SMAs are a proven way of determining the current trend, a market must be in an uptrend, if more than 50% of its biggest assets trade above their long-term SMAs. If they trade below their long-term SMAs, they must be in a downtrend. For the crypto market, I decided to check the popular BitPanda Crypto Index BCI10. It contains the 10 biggest crypto currencies by market capitalization, and frankly, by only looking at BitCoin, Ethereum, Polkadot and maybe Binance, we already have most of the market covered (again, in

State of NASDAQ 100 on last day in August 2021

State of NASDAQ 100 on the last day in August 2021

Despite the summer season, the NASDAQ 100 index leaves August with gains as high as ~ 3,6 %. 
 
What is the outlook for September?

Here is the...

Latest Market Breadth Data for NASDAQ 100

 

 


As expected yesterday, the NASDAQ 100 bounced away from the border of the upper Envelope band but still remained within the upper band. This means the index is slightly overheated on the daily time frame.
The Advanced vs. Declined Data is negative for today. 
The McClellan Oscillator also declined, but is still positive.
The McClellan Summation Index, however, is climbing, but still negative.

NASDAQ 100 Outlook for September

Obviously, I can't make any predictions. The seasonality is again not strong for the first weeks of September, and on the technical chart, the Nasdaq 100 just bounced away from an important trend line. At the moment, the chart provides several limits for advancing prices. It is more likely for the NASDAQ 100 to pull back during the next days.
 
Market breadth shows a mixed picture. The Advance Decline Line shows no real divergences, so there is no signal there. The McClellan Oscillator failed to establish itself above the zero line for more than 3 consecutive days. One could speculate that this reflects some kind of weakness and that we will see a couple of days with negative values there, supporting my theory from above that we might have a pull back for this index.


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