Underlying Advance/ Decline is in poor Structure.
The aggregate behavior of stocks within the Comp,
the broadest measure of relative Strength to confirm
the trend is near the lows again.
September brought tax-loss selling, it arrived early this year
with several follow on Distributions.
What is very different into the close of 2021 - while Equities
*Remember to like, follow and share
The advance decline difference is signaling that fewer and fewer stocks are participating in this most recent stock rally, in other words the rally is running out of steam.
Does this mean we will correct tomorrow? Not necessarily, what it does mean is that we are seeing a divergence between the participating equities and the...
The charts shows that AdvanceDecline Line and VIX are showing the tops and bottoms of S&P price movement. You'll also notice, that ADL is changing direction a few days before the S&P 500 follows. VIX shows how "deep" the correction will be and when it ends.