On Friday the S&P struggled at the 2775 level, breaking below it several times. In the later afternoon the S&P slipped still further and fell below 2770 which was not expected. However as we have seen before, the final hour saw buyers return and the index was pushed back to the 2780 level with a close at 2781. The loss was held to 25 points.
The NASDAQ loss was larger at 1.65%, with a drop of 124 points but the index managed to close just above 7400.
Advance Decline Numbers Outlook for Mon Nov 12 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 Fri Nov 9 2018.
There are further signals members should review tonight before markets open on Monday. I also updated the latest market breadth trades done.
Members should review all market breadth signals and possible trades, before stock markets resume trading.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Mon Nov 12 2018
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