$S&P 500(.SPX)$ A bearish indi

A bearish indicator for the SPX.

Market breadth assesses the extent of participation of stocks in market movements. It helps gauge whether trends are widespread or driven by a few stocks. A strong breadth suggests broad market health, while weak breadth may signal underlying weakness. 📊

Market breadth may be a leading indicator of market conditions, but the time frame is indeterminate.

In this chart, while SPX price is making a higher high (bullish), breadth is instead making a lower high (bearish).

In recent months, index strength has been led by a handful of stocks as the AI bubble has kept growing. Are we due for a big pullback?

What do you think?

Market Pullback Begins? Sell or Hedge?

After reaching a high of 5341, the market began to pull back, closing at 5266 points last night. ---------------------------- Having reached the target ahead of schedule, what will happen in the market in the next 7 months? Following the new high in May, where will the market retrace to next? Will you sell stocks to take profit or hedge? Or will you hold firm?

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