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.
Find out why the current market breadth is a red flag and the current market outlook below:
Watch the video below for a detailed price volume analysis (the Wyckoff analysis) in S&P 500 $S&P 500 Index(.SPX.US$ $E-mini S&P 500 Futures(SEP4)(ESmain.US$ , Nasdaq $Nasdaq Composite Index(.IXIC.US$ $E-mini NASDAQ 100 Futures(SEP4)(NQmain.US$ , Dow Jones $Dow Jones Industrial Average(.DJI.US$ $E-mini Dow Futures(SEP4)(YMmain.US$ , Russell 2000 $E-mini Russell 2000 Index Futures(SEP4)(RTYmain.US$ and to anticipate the next directional bias. This video is extracted from my Weekly Live session on 12 Dec 2021.
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