A third wild day on the markets on Wednesday with volatility rising following the FOMC announcement on interest rates on Wednesday. If anything the announcement resolved nothing for investors as there was not enough clarity to quell the selling. Despite analysts advising that Monday was the wash-out day, and most sellers were done, the market breadth is disagreeing after the close on Wednesday.
Here is the Market Breadth Indicator outlook for SPX and the NASDAQ for Thu Jan 27 2022. There are also comments on handling trading over the next couple of weeks.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Thu Jan 27 2022
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