The MM S&P 500 Fundamental Index incorporates comprehensive US economic indices and indices regarding enterprise profitability. Rising MMFI for the US stocks indicates better fundamentals while falling indicates weaker fundamentals.
Components of MMFI for the US stocks include US corporate profits after tax, optimus prime index, US credit spread, etc. Weights of each component are adjusted according to the latest US stock market conditions.
When MMFI for S&P 500 rises, S&P 500 index is likely to rise. When MMFI falls, the bullish cycle is likely to end soon. Once the index falls into the negative territory, a head is likely to form.
MM S&P 500 Fundamental Index (L)2020-123.10
S&P 500 Index (R)2021-01-153,768.25