NYAD NYSE Advance-Decline Issues Daily Chart

NYAD prints an uber low -2436 print today.  This negativity screams for a snap back bullish market move to relieve the bearish pressure. Typically, if the broad indexes can rally for a couple or three hours that would go a long way to relieve this strong bearishness. When the NYAD prints towards +2000, the buying is overdone and markets need to pull back for a few hours to relieve the bullish pressure. Conversely, -2000 or lower as described for the bear side. Use te candlesticks to see the intraday spikes better. A solid line chart was used for clarity. This information is for educational and entertainment purposes only.  Do not invest based on anything you read or view here.  Consult your financial advisor before making any investment decision.