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Advance/Decline breadth has often been a key leading indicator to important tops & bottoms in the broad market.
The NYSE Advance/Decline line hit an all-time high in May and now has rallied back to reach the May high a towards the end of August. Did a “Double Top” in this Advance/Decline line just take place?
It’s too soon to tell at this time, yet sure possible! Keep a close eye on this measure of market strength/weakness over the next few weeks, could be sending a key message about the broad markets!
I shared with Members that the “Shoe Box indicator” is doing something it hasn’t done in the past few years!
If you would like to get an update on the how the Shoe Box’s message helped members of late, send an email to email@example.com and in the subject line put “Shoe Box” update or click on the box below.