Advance Decline Signaling Key Divergence - SP500
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The advance decline difference is signaling that fewer and fewer stocks are participating in this most recent stock rally, in other words the rally is running out of steam.
Does this mean we will correct tomorrow? Not necessarily, what it does mean is that we are seeing a divergence between the participating equities and the laggards.
As you can see, these divergences cannot continue in perpetuity, either more stocks need to join the party, or the last hold outs will begin to correct.
The advance decline difference is signaling that fewer and fewer stocks are participating in this most recent stock rally, in other words the rally is running out of steam.
Does this mean we will correct tomorrow? Not necessarily, what it does mean is that we are seeing a divergence between the participating equities and the laggards.
As you can see, these divergences cannot continue in perpetuity, either more stocks need to join the party, or the last hold outs will begin to correct.
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