S&P 1500 AD Line Holds Short-term Support

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The S&P 1500 AD Line ($SUPADP), which is a key breadth indicator, has yet to break support and remains in bull mode. Notice how the AD Line established lows from mid July to early August. These lows mark a support zone that chartists should watch for clues on market direction. A break below support would signal an increase in selling pressure and argue for a correction. You can read more about StockCharts breadth data in our ChartSchool.

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Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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