Daily Technical Composite
This composite is meant to be used with 30-day smoothed I1 for longer trends and the short-term timing component for the variable 1-month trading cycle.
From +16 to +24, buy signal, there should be at least a multi-day rally. If I1 is moving up then as long as I1 is ascending the market should rally to neutralize the buy signal.
From -16 to -14, sell signal, there should be at least a multi-day decline. If I1 is moving down then as long as I1 is declining the market should decline to neutralize the sell signal.
+32 is unconditional buy, look for any leveling out or upmove in I1.
-32 is unconditional sell, look for any leveling out or upmove in I1. There has not been a -32 in the historical record yet. Bull markets tend not to spike as hard as bear markets. In the bear market I look for the counter-trend rallies will be breathtaking, so we could get one over the next several years.