Tuesday’s rally was massive with every sector of the index moving higher. The rally on the Dow was intensive as it gained 548 points and closed within 200 points of 26,000. The NASDAQ regained 214 points which was enough to moves its return for the year back to 10.75%.
So is this the bottom of the correction or just a bounce. The correction came close to recovering almost 50% of the losses which is typical of a bounce. Let’s look at the Market Breadth Indicators along with a new chart this evening, to see what we can decide will happen next for the present rally.
Advance Decline Numbers Outlook for Wed Oct 17 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 Tue Oct 16 2018.
Tonight’s expanded outlook includes more signals to be aware of, along with trades done on Tuesday and trades planned for Wednesday.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Wed Oct 17 2018
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