Market Internals Checkup Ahead Of The Fed Day
As we prepare to react to Wednesday’s Fed Day Announcement and Chairman Bernanke press conference, let’s take a look at Tuesday’s breakout, the prior compression in Market Internals, and what levels are important going forward. We’ll start with the 30-min intraday chart of the S&P 500 with Breadth (Advancers minus Decliners) and VOLD (Volume Difference [...]
As we prepare to react to Wednesday’s Fed Day Announcement and Chairman Bernanke press conference, let’s take a look at Tuesday’s breakout, the prior compression in Market Internals, and what levels are important going forward.
We’ll start with the 30-min intraday chart of the S&P 500 with Breadth (Advancers minus Decliners) and VOLD (Volume Difference of Breadth).
The big thing to note here is the visual compression – a triangle pattern – in both Breadth-based internals.
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