NASDAQ's extremely low participation
With the release of many tech earnings report recently, some big tech companies that beat estimates have pushed the whole NASDAQ Composite up. They've gained so much that this is the first time ever that NASDAQ has gained more than 1% when <35% of it's members participated in the rally.
To expand the sample size, let's see what happened when less than 45% of NASDAQ's members participated in a >1% 1-day rally.
This was mostly a slightly bullish sign for the NASDAQ over the upcoming year but it's worth noticing that it was an extremely bearish sign for the recent signal dates.
Similarly for the S&P, this was a more bullish than random sign but a very bearish sign for the recent signal dates.