!NEWLOSPX - Chart Link- much greater than
January so not sure about that statement below. Ideally, you
want to see the indices making new lows while the number of new
lows diverges.
I corrected my statement, I was writing the index was down 24%
from the peak so far and it had made new 52 week lows. We are
diverging here, slowly but surely.
Number of New Lows on SPX
Posted by steve on 17th of Jun 2022 at 11:15 am
!NEWLOSPX - Chart Link- much greater than January so not sure about that statement below. Ideally, you want to see the indices making new lows while the number of new lows diverges.
I corrected my statement, I
Posted by fundamentalvalues on 17th of Jun 2022 at 11:18 am
I corrected my statement, I was writing the index was down 24% from the peak so far and it had made new 52 week lows. We are diverging here, slowly but surely.
Okay - and thus far
Posted by steve on 17th of Jun 2022 at 11:19 am
Okay - and thus far today the number of new lows today is less than yesterday
The coming rally is going
Posted by fundamentalvalues on 17th of Jun 2022 at 11:21 am
The coming rally is going to make you grow bull horns
Like the not so long
Posted by steverobin on 17th of Jun 2022 at 11:22 am
Like the not so long ago “Good old days”