This index compares the number of stocks reaching new highs to the number of stocks reaching new lows in the New York Stock Exchange. A rising index suggests bullish market sentiment, while a declining index indicates bearish sentiment.The index moved up today, while price action in $S&P 500(.SPX)$ $DJIA(.DJI)$ $NASDAQ 100(NDX)$ $Cboe Volatility Index(VIX)$ suggests a breather for the bounce is coming.Price action and levels are primal, be careful when reading something about breadth, that is a reference for the market study, but trading based on that can make you miss rallies and jump in to an index when it’s too late