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 $S&P 500 Index (.SPX.US)$ $E-mini S&P 500 Futures(DEC4) (ESmain.US)$ , Nasdaq $Nasdaq Composite Index (.IXIC.US)$ $E-mini NASDAQ 100 Futures(DEC4) (NQmain.US)$ , Dow Jones $Dow Jones Industrial Average (.DJI.US)$ $E-mini Dow Futures(DEC4) (YMmain.US)$ , Russell 2000 $E-mini Russell 2000 Index Futures(DEC4) (RTYmain.US)$ and to anticipate the next directional bias. This video is extracted from my Weekly Live session on 12 Dec 2021.