Breadth breakout
The Cumulative Advance/Decline Line for the NYSE has hit a new high, even while the S&P 500 is more than 3.5% below its own high. While this is considered a positive development, and it mostly is, it's not an automatic buy signal. We'll see on Wednesday that when this triggered over the past 80 years, it took a median of more than 80 days before the S&P finally closed at its own new high.
