SP500 Buyback Index Indicator?This is pretty cool. Each time the price of the SPX separates from the action of the S&P Buybacks Index; the price reverses course and heads in the direction of the Buybacks, or vise versa.....
Corporate Zombieland has decided its more important to have the stock price rise continually into infinit
Compare with S&P 500 Buyback Index
Stock buyback failures could herald a crashThe SPBUYUP index has not been shown in a published idea on Tradingview before now (I checked). It is the index which tells how much companies are buying back their own stock to keep the S&P500 afloat.
So if this fails, market 'manipulations' of the S&P500 could fail. Of course, this not the only
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Displays a symbol's value movements over previous years to identify recurring trends.