Syndrome spotted
Thanks to a recent new high in the Nasdaq on historically poor breadth, on Thursday there were more 52-week lows than 52-week highs on that exchange. Those conditions triggered a Titanic Syndrome warning. Over the past year, this triggered on September 3, 2020, then again on April 20 of this year. Both preceded further pullbacks of at least 5% in the Nasdaq Composite over the next 2-3 weeks.
