I had expected a morning drop on Monday in the S&P and then a rally in the afternoon into the close. The morning did see a drop but the rally back was not strong and barely reached 2980.Most of the day the index moved sideways and kept retesting the 2972 level which is near light support at 2970. The close saw a feeble rally attempt to end the day down about half a percent at 2975.96.
Advance Decline Numbers Outlook for Tue Jul 9 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 Jul 8 2019.
Members should review the signals before trading resumes on Tuesday. As well there were trades done in the Market Direction Portfolio and more trades planned for Tuesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Jul 9 2019
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