Thursday June 16 2022
The NYSE New Lows hits a new high while the NYSE hits a new low, go figure
Bullish Percent NYSE, lowest since the Covid Low of March 2020
considering the DJIA went to 8,000 in March 2020, we may see further drops
NYSE Advance Decline Line
This indicator is lagging the overall market, we expect a low this next week
% stocks over 50 day moving average
This indicator is now back to believe it or not, its March 2020 Covid low, and it is early in the bear market
Only 10 stocks of the spx are still over their 50 day MA, collapse, a low looms
It is not month end but XLI Industrials fallen below all four moving averages on the monthly graph
At bottom notice the PMO is just now rolling over so a final low lies way way off in the future
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