SMP99

UPDATE: New High-New lows

Update to previous chart linked below Looking at a moving average of the NYSE New highs minus new lows. My thoughts in the first chart were that observing the prevailing trend of the moving average would give clues to the health of the market.

If the prevailing trend of New High-New Lows holds, the current pull back may be short lived. A break here similar to Sept will likely lead to a more significant pull back.