Weakness Underneath The Surface? An Eye-Catching Data Point
- Lester Davids
- Oct 22, 2024
- 1 min read
Tuesday 22 October, 10h39
There's been a significant ultra short term shift in breadth which has caught my attention.
Yesterday, the number of S&P 500 shares above their 5-day moving average dropped to 33%, a sharp drop from Friday's close which was above 60%.
This could be a precursor to short term weakness underneath the surface.
Lester Davids
Analyst: Unum Capital
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