I promised that 52 Week New Highs would straighten out.. opps.. $SPX [chart]

Score: +2 

The NYSE 52 WNH (the top chart) continues to build strength and breadth.  You can see that they are much stronger than the Nasdaq (middle) and Russell 2000 (bottom).  Each index put in a higher daily that scores a +1, but the NQ and Rut were not able to put in a score strong enough to turn up the momentum so they each score a –1 on the momentum thus neutralizing their scores.  The NYSE did keep the momentum going.  Tomorrow, especially if we get a gap open and hold all charts could hit bullish scores but for today it is a mixed chart with a +2 score.

 

 

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Video: How to interpret 52 Week New Highs

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