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| Stocks > 20 Period MA |
Markets unwind slightly differently when breadth is highly extended to the upside than the downside. The percentage of stocks above their 20 period average has been within a zone where pullbacks become increasingly likely going on four weeks now. Today's action suggest the time has arrived for some form of digestion through price or time.
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| Market Breadth |
With a number of other breadth indicators within extended zones, market risk has increased. These are periods where what took the month of January to bank can take a few days to donate.
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