Mon Oct 8 2018 saw the market open almost where it closed, but in-between, the index rose twice almost touching 2890 and fell twice to 2862.
The S&P broke the 50 day moving average easily on Tuesday but also recovered it in the afternoon. It closed down just a point.
The NASDAQ almost broke 7800 in the morning and then spent late morning to early afternoon down at 7654 before recovering in the afternoon. It closed down 52 points.
The question now is whether this marks just a bounce or whether the market has put it its low for the current downturn. Let’s see what the Market Breadth Indicator signals are advising.
Advance Decline Numbers Outlook for Tue Oct 9 2018
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 Mon Oct 8 2018.
There are changes in the Market Breadth Indicator signals for the next trading day. There are also changes in the market protection outlook section, as well as new trades outlined for Tuesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Tue Oct 9 2018
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