A lot going on here but basically market breadth is deteriorating. Less than 50% of stocks are now above their 200d & 50d moving average. Advance-Decline line and volume has been flat for months. We've never stayed in an uptrend when the McClellan Summation Index (bottom pane) is negative for this long.. Just seems insane to me that people are bullish rn. Idk maybe this time is different but in my mind market breadth indicators are telling us things ain't sweet. Can passive large cap fund flows and the fed help keep this thing in orbit forever?