Thursday’s sell-off culminated into heavier selling in the final hour and saw stock indexes close at the lows of the day. The extremely overbought rally saw a blowoff where in the final hour the S&P drop from 4587 to the close of 4530 in unrelenting selling. So was this just an extremely overbought market selling back or is this the end of the rally? Is the market setting up to fall lower?
Tonight’s review of the Market Breadth Indicators are providing a number of signals that investors should be aware of before trading resumes on Friday.
The Market Breadth Indicator outlook is for both the S&P and the NASDAQ indexes.
The market breadth indicator analysis and outlook is for FullyInformed Members.
Market Breadth Indicator – Advance Decline Numbers Outlook For Fri Apr 1 2022
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