SentimentEdge report

Jason Goepfert

10-30-2020 at 9:30 am

A short-term breadth washout and initial recovery

On Monday and Wednesday, selling pressure was heavy enough to push the 3-day average of both NYSE Up Issues and Up Volume below 20%, which recovered a bit by Thursday. During relatively healthy markets, this has typically led to shorter-term weakness, but medium-term strength.

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