A bounce was expected on Thursday with markets deeply oversold following Wednesday’s collapse. The markets spent the early morning testing the 2700 level and then moved higher. At one point the Dow was up 500 plus points and trading at 25104 before moving lower and closing up 401 points and just below 25000. The S&P closed with a 49 point gains and just above the 2700 level but intraday it reached above 2720. The NASDAQ has the best day, rising 210 points by the close to 7318.34, but still in correction territory.
Advance Decline Numbers Outlook for Fri Oct 26 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 Oct 25 2018.
There are significant changes again tonight in the Market Breadth Indicator signals, the State of the Correction and the market protection outlook. Members should review the 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 Fri Oct 26 2018
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