S&P 500 A-D breadth line - September 10 chart comment:
* the required improvement metric for indicating probable "staying power" of any future advance by the S&P 500 A-D breadth line will be evidenced when the two %B's shown on the chart reside above the 0.50 level for a period of days ---------------
1. the 2008/2009 A-D breadth line confirmed "sell signal" status for the other major US indices was joined by the S&P 500 Advance-Decline breadth line in early January, 2008 ... and we do not yet have the confirmed "sell signal" condition in 2015 for the S&P 500 Advance-Decline breadth line
2. the S&P 500 Advance-Decline breadth line has not displayed a confirmed "sell signal" status since 2009
confirmed "sell signal" status = the A-D breadth line resides below its 200-day ema, and the 19 and 39-day ema's for the A-D line also reside below the 200-day ema (the 19 and 39-day ema's represent the 10% and 5% trends for the Advance-Decline line)
the September 8 to Sept. 10, 2015 A-D breadth line status for symbols related to the S&P 500:
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