Monday saw a further advance in all 3 indexes. The S&P stayed within a tight trading range. If you look at the 10 minute intraday chart for today, you can see that the index opened above 2915 and then proceeded to spend the day trading around the 2925 valuation. If you look at the Williams %R indicator you can see that the market is very overbought.
Advance Decline Numbers Outlook for Aug 20 2019
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index from the close of trading on Mon Aug 19 2019.
Members should review the signals before trading resumes on Tuesday.
There were no trades in the Market Direction Portfolio on Monday but trades may take place on Tuesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Aug 20 2019