The headlines: S&P 500 rallies for 8th consecutive day
Under the surface: market breadth posted negative again today and the S&P 500 for a 10th attempt has failed to break above 4400 - 4330.
My observation is that the better market advances over the last two years which have sustained for more than a few days were built on positive breadth. The recent rally does not share this trait.
This current market advance I think unravels quickly if breadth fails to improve.
>>1
厳しいご意見
The headlines: S&P 500 rallies for 8th consecutive day
Under the surface: market breadth posted negative again today and the S&P 500 for a 10th attempt has failed to break above 4400 - 4330.
My observation is that the better market advances over the last two years which have sustained for more than a few days were built on positive breadth. The recent rally does not share this trait.
This current market advance I think unravels quickly if breadth fails to improve.
https://x.com/tomthetrader1/status/1722390277418283505?s=46&t=2Ozaq5ZjbT7_uOYMVsIRKQ