Friday saw a strong day for stocks with both the S&P and NASDAQ pushing higher for most of the day and closing well off their morning lows.
The Market Breadth Indicator outlook for Monday includes a look back at the prior week and a look as far out as Thursday of this week. This reviews the closing signals following Friday’s massive bounce to see if the rally can continue for the third week of May.
Here are the Market Breadth Indicator signals for the S&P and NASDAQ indexes for Mon May 16 2022.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon May 16 2022