The A/D summation indexes all sport topping patterns and surprisingly, the big cap is the most damaged. Below are shown the summation indexes for small-cap, mid-cap, and large-cap stocks:
You can test yourself on Slope, but over shorter timeframes the summation index tracks the S&P 500 Index fairly tightly. It doesn’t do a very good job with QQQ.
There are two deviations. One in 2015 and one now. I don’t know that we can forecast a price off this index, but suffice to say it is currently at a level that correlates with SPX 3500. The BigSum is back to the December 2018 level. Place your bets.
