Dec 13, 2021

2 min read

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

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:

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More from 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/

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Ming Jong Tey

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/

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