In my last post I showed record Nasdaq lows at an S&P ATH.
Here we see Nasdaq new lows on S&P UP DAYS.
Suppressing the 2020 gong show, we see the highest number since Dec. '18 FOMC. Except of course the market was already tanking back then. pic.twitter.com/bKjvK2EEvj
— Mac10 (@SuburbanDrone) December 16, 2021
I am certain some Hindenburg Omen purists would debate this, but by my read we have two warning signs within 30 days. Hindenburg Omen triggered, not bullish. $SPX $SPY pic.twitter.com/lohQrxRl7W
— David Keller, CMT (@DKellerCMT) December 15, 2021
"The financial system is kind of like the plumbing. When it's works no one notices anything but when it doesn't, things can really blow up."#JosephWang with #DiMartinoBooth
https://t.co/lGFqrXv07z— Danielle DiMartino Booth (@DiMartinoBooth) December 15, 2021
Philadelphia Fed Business Outlook Dec: 15.4 (est 29.6, prev 39)
— LiveSquawk (@LiveSquawk) December 16, 2021