The S&P and NASDAQ fell lower on Wednesday but the afternoon recovery shows there are lots o bulls still around. Analysts on the other hand are becoming increasingly bearish and the break of the 2800 level on the S&P today, seemed to confirm their negative outlook.
Tonight’s Market Breadth Indicator is expanded as I look at the signals for Thursday.
The final week has about a 60% historical chance to end negative for indexes and so far historically, it seems to be on pace for another negative end.
Advance Decline Numbers Outlook for Thu May 30 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 May 29 2019.
Members should review the signals before markets resume trading on Thursday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Thu May 30 2019
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