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One of the more unique charts currently available on Market Tells is the SPX opening-based advance-decline line. Rather than comparing each component’s close to yesterday’s close to determine an ‘advance’ or ‘decline’, this version compare the component’s close to today’s open. Below is a longer-term chart of the indicator along with a close-up of recent action…
From a long-term perspective, note that the opening-based line broke out to a new all-time high in late February and has been rocketing higher ever since. But over the past month, it’s noteworthy that this version of the advance-decline line has flattened out. It put in a top back on July 12th and has not been able to eclipse that level since. The longer this divergence persists, the greater the chance for a correction.
Scroll through our historical database of SPX opening-based advance-decline data below, or if you wish to export to a spreadsheet or elsewhere, simply click on the table below, select all (ctrl-a), copy and then paste. You can also click here for an Excel file. Daily updates can be found in the end-of-day data section of the site.
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