S&P 500
A signal cannot be formed from only the Dow Industrials and Dow Transports without the S&P 500. A sell signal requires the S&P 500 to break below its own secondary reaction low with confirmation from either the Dow Industrials or Dow Trans…
2 sources - 8 claims
A signal cannot be formed from only the Dow Industrials and Dow Transports without the S&P 500. A sell signal requires the S&P 500 to break below its own secondary reaction low with confirmation from either the Dow Industrials or Dow Transports. The S&P 500 must participate in every Schannep Dow Theory signal. Schannep's version adds the S&P 500 because it now provides vital market information that did not exist in Charles Dow's era. Practical analysis checks the S&P 500 first at every major stage.