Thursday was another day where stocks opened higher and then fell back. The S&P opened at 2658.70 and was immediately under selling pressure. By 11:00 AM the index was down to 2650 and by 1:00 PM it was down to 2645. By 2:00 PM it was at 2637 from where investors staged a rally that took the index to a closing high of 2651.
2650 is light support but it will only hold the index above it, for a short while. Determined selling will easily break through.
Advance Decline Numbers Outlook for Fri Dec 14 2018
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 Thu Dec 13 2018 .
Members should review all market breadth signals before trading resumes on Friday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Thu Dec 14 2018
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