Market Breadth shows downside singals...
The chart shows the S&P500 Future, continiues contract ES1!.
Below you see the charts of the percentage of stocks which above their 50, 100, 200 SMA.
I watch this market breadth indicator closely to see the if a trend is just based on a few big stocks or is "the flow lifting all boats".
What I observe now is that we hat a similar situation in the indicators at the top in December 2022, before we had a 1 year down move...
On top I see a potential bearish divergence in the MACD.
ES1!
Below you see the charts of the percentage of stocks which above their 50, 100, 200 SMA.
I watch this market breadth indicator closely to see the if a trend is just based on a few big stocks or is "the flow lifting all boats".
What I observe now is that we hat a similar situation in the indicators at the top in December 2022, before we had a 1 year down move...
On top I see a potential bearish divergence in the MACD.
ES1!Note
of course December 2021.. January 2022
Murat Oers (CFTe)
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Murat Oers (CFTe)
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.