$NYA - Chart Link - here's the old breadth
thrust chart, breadth thrusts occur from oversold conditions where
you have that move from oversold to overbought on the ratio
indicator within a short amount of time
that said, whenever that ratio gets oversold (NYAADV/NYTOT) you
can get mean reversion trades, it's now oversold
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NYA Breadth Thrust mean reversion
Posted by matt on 12th of Apr 2024 at 02:06 pm
$NYA - Chart Link - here's the old breadth thrust chart, breadth thrusts occur from oversold conditions where you have that move from oversold to overbought on the ratio indicator within a short amount of time
that said, whenever that ratio gets oversold (NYAADV/NYTOT) you can get mean reversion trades, it's now oversold