The importance of the market turn at the end of December was further highlighted by the large upthrust market breadth numbers on January 2nd and 11th, which normally appear at the beginning or in the middle of strong upswings:
Monday, January 21, 2019
SPX and Market Breadth
The
cumulative market breadth downthrust number on December 24th by far exceeded the highest negative
thrust readings for the last 50 years. Such large negative thrust numbers have
been associated with significant low turning points in the past.
The importance of the market turn at the end of December was further highlighted by the large upthrust market breadth numbers on January 2nd and 11th, which normally appear at the beginning or in the middle of strong upswings:
The importance of the market turn at the end of December was further highlighted by the large upthrust market breadth numbers on January 2nd and 11th, which normally appear at the beginning or in the middle of strong upswings:
