Here is a daily line chart recording the number of issues traded on the New York Stock Exchange that advance in price each day. I last commented on this chart here.
Today the major averages made new lows for the drop from the May 5 top. But as you can see on the chart above neither the daily count of advancing issues nor its 5 or 10 day moving averages made new lows today.
This is a bullish divergence and is more evidence that the 1235 level in the cash S&P (1245.75 in the September futures) marked the end of the correction.
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