Friday Jul 13 was all about 2800 on the S&P. The first hour investors tested support as the S&P slipped below 2795 by 10:00 AM. An hour later the S&P was finally above 2800, the highest level since February.
From there the index moved sideways slipping slightly in the early afternoon but still managing by the close to be back above 2800.
The Nasdaq meanwhile made another new all-time high intraday but then closed well below it, up just 2 points on the day.
The Dow on the other hand moved higher by 94 points and closed above 25000, a level the index has not been able to hold this year.
Advance Decline Numbers Outlook for Mon Jul 16 2018
Here are the market breadth indicator signals along with advance decline numbers from the S&P 500 Index and NASDAQ Index for Mon Jul 16 2018.
The Market Breadth Indicator outlook for Monday also includes the weekly review of the second week of July. There are a number of changes that should be reviewed by members, including the market protection outlook, before trading resumes on Monday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Jul 16 2018
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