Tuesday saw a strong rally adding 70 points to the index resulting in the best point gain since March 16. Unfortunately after hours Netflix stunned investors with a declining subscriber growth and predicted further declines in the next quarter as well. That’s going to sink the indexes at the open on Wednesday.
Here are the Market Breadth Indicator signals for the S&P and NASDAQ indexes for Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed Apr 20 2022