Warning Signs on the S&P 500 Daily Breadth Chart

By Lawrence

The daily breadth has turned positive bias ever since the long term Tick16 went positive sometime ago at the end of September.

It tells us to avoid weak sell signals and focus on longs.

Worked very well so far.

But instability is seen today as new highs are made in the indices yet the 3-Day Advance Issues is not printing a new high on close – a big warning sign that the uptrend is no longer the dominating force.