52 Week new highs need to fix themselves to trigger bullish $SPX [Chart]

Score: +2

 

Tuesday’s gap opening did a job on new highs and we are still recovering..  Despite Wednesday’s strong performance (as opposed to yesterday’s weak afternoon)  the 52 Week new highs did not move totally into the bulls column.  The NYSE was not able to eclipse its daily bar although it did keep the momentum bar running up.  Nasdaq scored a +2 with both a higher daily and improved momentum.  The RUT put in a neutral score.  It still has some catching up to do.

 

If you go to “Page One” on the website and review the other breadth charts they are a little more orderly so I am assuming that by the end of trading day on Thursday we should have the charts in alignment.

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Video: How to interpret 52 Week New Highs

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