Wednesday saw investors initially mixed in their outlook after the Fed’s decision on interest rates. The first reaction was to sell the news. The second reaction was to buy back in and then a third reaction was to sell the news in a bigger way and break through 2990 on the downside. The push below 2990 saw low volume however so it was obvious there was no actual downside coming. That brought in buyers who turned around and pushed the index all the way back to where the day had started.
Advance Decline Numbers Outlook for Sep 19 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 Wed Sep 18 2019.
Members should review the signals before trading resumes on Thursday. Make sure to read the historic outlook for this week.
Also members should review the Market Direction Portfolio changes and review the trades that are planned for Thursday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Sep 19 2019