NYSE - New High New Lows

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.

Image

https://twitter.com/SmartReversals/status/1787960436975145066

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Comments

TODAMOON
05-08
TODAMOON
They suggest a potential breather for the market.

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