Thursday, 6 October 2016

Trend Wizard Market Breadth October 5, 2016

Market breadth for the US Index's is turning down with a divergence. Divergences are warning signs. The charts below explain it all.

The chart below is the S&P 500

The chart below is the Dow Jones Industrial Average 

 The chart below is long term market breadth, crossover to the downside since mid September. Note the divergence against the index's

 Short term market breadth crossed over to the downside again.

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