Market Breadth Data******************************

Monday, January 25, 2016

$IWM Monthly Trend Readings

The IWM monthly trend oscillator has dropped to levels not seen since 2003 and 2008:














Measured on a percentage basis, the height of the shaded areas in the price chart is equal.
In 2003 and in 2008 the consolidation lasted 10 months. In 2008 it was followed by another 40% drop lasting an additional six months. The current IWM correction is six months old.
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