Potential Negative Divergence of Big Money Index - Market May Turn Up

As mentioned before, the Big Money Index is now a lagging indicator, meaning if there is any negative divergence between BMI and S&P 500, the market may follow S&P 500 and it usually marks important turning point of the market. As of today, there is a tiny negative divergence: BMI made a lower low but S&P still held above its most recent lows. If it prevails, S&P 500 will turn here and move up. Anyway, it is still developing. Investors want to pay close attention to it down the road.