Using Lazy Bears script, see the Martin Zweig breadth thrust. Each trigger has been less "powerful" indicating possible exhaustion with declining breadth on each move up. Decisive move over 0.615 puts into bullish stance into EOY.
Per Investopedia (can't post a link):
"The Breadth Thrust Indicator is a technical indicator used to ascertain market momentum. It is computed by calculating the number of advancing issues on an exchange, such as the New York Stock Exchange (NYSE), divided by the total number of issues (advancing + declining) on it, and generating a 10-day moving average of this percentage.
The indicator signals the start of a potential new bull market when it moves from a level of below 40% (indicating an oversold market) to a level above 61.5% within any 10-day period."
Per Investopedia (can't post a link):
"The Breadth Thrust Indicator is a technical indicator used to ascertain market momentum. It is computed by calculating the number of advancing issues on an exchange, such as the New York Stock Exchange (NYSE), divided by the total number of issues (advancing + declining) on it, and generating a 10-day moving average of this percentage.
The indicator signals the start of a potential new bull market when it moves from a level of below 40% (indicating an oversold market) to a level above 61.5% within any 10-day period."
註釋
Indicator ticked down as of this post to 0.54 as the rally is mostly led by mega cap tech, let's see if it can broaden out to the top of the pennant.註釋
Indicator now moved to 0.58, need 0.615 to confirm.註釋
boom
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