Our Breadth Chart based on a Institutional Investor "must hold portfolio" tells it all...
(A) Momentum (aka. MOMO) has turned negative
(B) The faster 20d NEW HIGH/NEW LOW Indicator had already turned up because of the spike in the NH's (see (c))
(B) The Demand/Supply Pressure Indicator is neutral
(d) The neg. Div's with both timeseries the 20d NL (New Low) and the Selling Pressure had both nicely led the recent bounce
(e) All eyes are now on the developping 20d NL and Selling Pressure and whether these 2 Indicators can exceed recent HIGHS. (another lower low would be bullish)
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