A Crucial Level to Watch
This is the week the market is set to head toward an intermediate-term overbought reading -- the first such reading since mid-November.
The first thing to realize is that, while the 30-day moving average of the advance-decline line hasn't yet made a higher high, it still has a chance to do so. The blue line on the chart below is the indicator. You can see it is currently lower than it was a week ago, so that's the first high to watch. A failure to exceed that level this week would be negative....390 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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