Another bounce attempt
After a few days of pullback market is attempting a bounce. The selling was on big breadth so any recovery will need big breadth.
If market on small caps can take out the high , it will be sign of strength. Large caps are still not much damaged and may recover quickly.
Bounce failure on small cap would clear the way for 8 to 10% correction.
3 comments:
Where do you find your breadth data? High cap, small cap, etc.?
Where do you find your breadth data? High cap, small cap, etc.?
I maintain my own breadth data using Telechart.
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