daily values for the NYAD in an up-close version to compliment the charts in the reply-to post -
* this chart for the daily NYSE Advancers less Decliners (breadth), which I have smoothed with the 8-day moving average is designed to minimize signal whipsaw when using the daily values for the NYAD for trend ID...
you can see that the smoothed NYAD is now bouncing from a relatively oversold level and that only future positive daily breadth postings will determine whether daily breadth will actually establish a rising trend
the same chart very close-up:
here is a long-term perspective for the NYSE up volume to total volume ratio smoothed with the 233-day ema: