Major US Stock Indexes Update - NYSE, Nasdaq, S&P 500
I'm still away on holiday, so just a quick update this week. Looks like the volatility from the UK referendum has put the major US indexes inline with their most recent swing lows again, within their Stage 1 ranges, and the breadth has weakened with a number of bear confirmed signals in the percentage of stocks above their MA's in various timescales. So MA breadth moves to bearish in the short term. The medium and long term breadth is still in the upper half of the range however, but they weakened heavily last week.
Attached is the updated overview charts of the US Bullish Percent and Moving Average Breadth.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.