You find that the confidence index is down, the market breadth is up, and the trin ratio is down. In total, how many bullish signs do you have?
A) 0
B) 1
C) 2
D) 3

Question

Quizplus · Accepted Answer

The market breadth being up is a bullish signal, and a decreasing TRIN ratio is also a bullish signal. However, the decreasing confidence index is a bearish signal. Therefore, there are two bullish signals (market breadth and TRIN ratio) and one bearish signal (confidence index), making the correct answer choice (C) 2.

You Find That the Confidence Index Is Down, the Market