Tuesday started off well but when the report hit the markets of factory activity hitting a 10 year low, investors panicked again and stocks had their worst one day since August. The SPX had been up to 2992 before selling sent the index down to 2940, breaking both the 2960 and 2950 support level. This is the third time in 6 trading days that the S&P has broken through 2960. The S&P ended the day at the lows falling to 2940.25 by the close of trading.
Advance Decline Numbers Outlook for Oct 2 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 Tue Oct 1 2019.
Members should review the signals before trading resumes on Wednesday. Make sure to read the historic outlook for this week.
Also members should review the Market Direction Portfolio trades as there were trades on Tuesday and more are planned for Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Oct 2 2019
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