A Red Flag in the Stock Market Breadth — Wyckoff Analysis for the Current Market

Ming Jong Tey
2 min readDec 13, 2021

Last week S&P 500 index (SPX) closed at an all-time high despite the stock market breadth continued to deteriorate, only 42% of stocks are above 200-day average, as shown in the comparison chart below.

Divergence between stock market breadth vs SPX
Stock market breadth vs SPX

Find out why the current market breadth is a red flag and the current market outlook below:

Ming Jong Tey

I am a Wyckoff trader who practice kaizen in trading. Get Weekly Market Outlook & Best Trading Advice straight to your inbox: https://www.tradeprecise.com/