Thursday was another day of the index struggling at the 3000 level. The early morning saw a jump to above 3005 but that was given back and by the noon hour the index was back below 2995. The afternoon was spent with the index still trying to break above 3000. The close saw the SPX falter and close below 3000 but up 8 points on the day to 2997. Friday is truple witching so we could see a lot of choppiness.
Advance Decline Numbers Outlook for Oct 18 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 Thu Oct 17 2019.
Members should review these market breadth signals before trading resumes on Friday. Make sure to read the historic outlook for this week and members should review the Market Direction Portfolio trades and any updates.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 18 2019
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