Indicates what percentage of S&P500 stocks are trading above their 50 day moving average. When RSI on this indicate undercuts a rising EMA on the RSIitself it has been the start of pullbacks; some lasting many weeks. Be careful holding momentum names with no profit or revenue. I’m heaviest in $GLD as hedge. Still long BABA RUM but sized RUM way down. Added LMND today but prolly cut it tomorrow if market confirms its rolling over