Market Pulse on March 22nd

Olivier Rigot, EMC Gestion de Fortune

1 minute de lecture

S&P 500 2800,71 -54,17.

Finally, the negative divergence we pointed out lately between the Dow Industrials and other major indexes resolved itself by driving down the entire market. We expect a swift and eventually brutal correction that should reset our model to a more favorable situation. We expect sentiment indicators to switch quickly to a state of fear among various market participants. Breadth closed on a very weak note: 825 stocks advanced compared to 2997 that settled down.

 

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