The Most Important Chart for Market Breadth July 2022

My morning coffee routine involves a number of charts covering market breadth. If the major averages are in a bull/bear trend, what about all the individual stocks that make up those indexes? Today I'll share what I feel is the most important chart to watch as the S&P 500 index breaks above 4000 en route to potentially 4200 and beyond.
* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Dave helps active investors and financial advisors make more informed investment decisions, inject more discipline into their investment process, and enrich relationships with their clients. Feel better about making better decisions!

He's also President and Chief Strategist at Sierra Alpha Research LLC, a boutique investment research and consulting firm focused on managing risk through market awareness. He combines the strengths of technical analysis, behavioral finance, and data visualization to identify investment opportunities and enrich relationships between advisors and clients.

Dave was previously a Managing Director of Research for Fidelity Investments in Boston, a Past President of the Chartered Market Technician (CMT) Association, and started in the financial industry just after the March 2000 market top at Bloomberg in New York.

✔ W E B S I T E
✔ T W I T T E R
✔ L I N K E D I N
✔ F A C E B O O K

#MarketMisbehavior

[jorgegrande]

Thank you, Dave, for your excellent work. You're a great teacher!

[mimbaxter]

Thank you. I see the 4150 as the important resistance going up. Going down I see support at 3900 and 3700. I am looking at SPY rather than $SPX so might be a bit different but RSI has gone over 60, and above the previous peak, so if the 4150 not broken does that make it negative divergence?