Breadth Deteriorated Sending a Serious Bearish Signal
(6) The different between NYSE stocks making new highs and stocks making new lows spiked sharply lower, indicating a strong bearish internals behind the selloff. For a clear description of what that could mean, please read the observations marked on chart..
(7) Another breadth indicator which is the stocks above the 200 days SMA has been showing extreme bearish divergence for more than a year, before falling sharply with the ongoing selloff.. tradingview.com/chart/pU7JIIOA/
To be continued...
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