Another roller coaster day on Tuesday left both the SPX and NASDAQ in the red. The NASDAQ lost 2.28% with a 315 point loss while the SPX Feb 1.2% with a 53 point loss. What was important on Tuesday was the decline in the SPX in the morning broke through 4300 again and closed below 4400 which is the 200 day moving average. This is the first close below the 200 day in this correction. It is rare when a correction only ever closes once below the 200 day moving average.
Here is the Market Breadth Indicator outlook for SPX and the NASDAQ for Wed Jan 26 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 Wed Jan 26 2022
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