You might not be able to tell from the unrelenting sideways in SPY past 15 months, or violent “V” rallies in between, but our stock market has rather bad breadth, still.
Here are the Best of my Bad Breadth Charts:
These are my Big Tells:
And here we are:
If I were a betting woman…I would say we will hit SPX 2200 if my Bullish Thesis has legs and SPX 1576 if my Bearish Thesis kicks into high gear. Place your bets!