The long term Tick16 index could be forming some kind of bottom. When it is confirmed with a higher high on the short term Tick16 Index, S&P 500 will likely continue its rally.
As S&P 3-Day Advance has not completed its bottoming process, more sideway actions are expected until they align again.
S&P 500 Breadth Reading on Nov 23rd 2010
The long term Tick16 index could be forming some kind of bottom. When it is confirmed with a higher high on the short term Tick16 Index, S&P 500 will likely continue its rally.
As S&P 3-Day Advance has not completed its bottoming process, more sideway actions are expected until they align again.
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