the advances and declines chart below shows how much stocks and equities are above their moving averages and intrinsic valued. This is something significant, as we have found we are at 275 on the the chart, and a level that was last seen just before a correction.
advances and declines is not always a good indicator, however the last week or so, the advances and declines have rocketed up pretty fast and showing extremes. The advances and declines can going higher, but as said extremes can be a good warning sign.
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| advances and declines |
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