The NYSE Composite (NYA) has been much weaker than the three main US stock indices.
Today 12/26/26 was the last day of the Full moon widow for a bullish turn.
12/26/18 was also the 58 trading day of the decline since the DJIA 10/3/18 top, matching the 58 trading day decline of the SPX correction in 1998.
The 1998 SPX correction was down 22.4% so far the 2018 SPX correction at the low today was down 20.2%
Today the NYA went just 10 points below a .618 retrace of the bull move from February 2016 to January 2018.
Toady daily Stochastics had bullish cross over.
I will have another post on 12/27/18 examining a fascinating SPX retracement.
I remain bullish and believe the decline from the all-time high is just a correction within the bull market that began in 2018.
If the SPX did not bottom today it could reach 2280 in a few trading days.
Mark
Today 12/26/26 was the last day of the Full moon widow for a bullish turn.
12/26/18 was also the 58 trading day of the decline since the DJIA 10/3/18 top, matching the 58 trading day decline of the SPX correction in 1998.
The 1998 SPX correction was down 22.4% so far the 2018 SPX correction at the low today was down 20.2%
Today the NYA went just 10 points below a .618 retrace of the bull move from February 2016 to January 2018.
Toady daily Stochastics had bullish cross over.
I will have another post on 12/27/18 examining a fascinating SPX retracement.
I remain bullish and believe the decline from the all-time high is just a correction within the bull market that began in 2018.
If the SPX did not bottom today it could reach 2280 in a few trading days.
Mark