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Lawrence's Comment
Recap
I thought the backfill back down to Y-1 was going to be choppy. Instead, we got this clean directional slide all the way down. Cleared Y-1 easily and then ...
Ready for a Pullback?
Majority of custom market breadth readings, as of yesterday (Nov 11, 2014) closing, are now back to overbought condition.
Upside is now very limited within 1% while downside risk is at least 2%.
Are you ready for a pullback?
To see the custom market breadth charts for Dow, S&P500 and Nasdaq 100 you can visit my daily market breadth monitor.
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