MARKET BREADTH NYSE
Net Advancing Issues 898
Net New Highs -55
Net Up Volume 1,531,318,842
TRENDS
*PRIMARY DOWNTREND | Corrective wave | Prior support 10827 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Broken trendline | Corrective wave | Prior support 10827 | Prior resistance 13136
*SHORT TERM UPTREND | Prior support 11125 | Prior resistance 11698-Broken
CHART WATCH
Due to the declining primary trend, it is likely that this short term uptrend is the first correction leg of a potentially new descending trend in the intermediate timeframe.
Net Advancing Issues 898
Net New Highs -55
Net Up Volume 1,531,318,842
TRENDS
*PRIMARY DOWNTREND | Corrective wave | Prior support 10827 | Prior resistance 13136
*INTERMEDIATE DOWNTREND | Broken trendline | Corrective wave | Prior support 10827 | Prior resistance 13136
*SHORT TERM UPTREND | Prior support 11125 | Prior resistance 11698-Broken
CHART WATCH
Due to the declining primary trend, it is likely that this short term uptrend is the first correction leg of a potentially new descending trend in the intermediate timeframe.
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