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As you know, the S&P 500 Index is widely considered the benchmark of the US Stock Market, so following the light signals is our primary guideline to the direction of the US Markets. The signal remains Red since October 2018.
The table above is the correlation tracker of the Dow (DIA 97.1%), Nasdaq (QQQ 97.2%), and Russell 2000 (IWM 89.2%) index relative to the S&P500. As you can clearly see, since 1970 the Dow and Nasdaq move in the exact same direction as the S&P500 97% of the time; the Russell 2000 does 89% of the time. What that tells you if the S&P500 signals change color, you can almost assure yourself the other indexes will follow the resulting direction. This is why we named it the Wealth Preserver.
The Daily chart:
The Weekly Chart
The Monthly Chart
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