MAY 9, 2017
ORIGINAL SOURCE: We’re Back to Late 2007… or early 2000 (Remember How Those Ended?) by Graham Summers of gainspainscapital.com on 5/9/2017
The $SPX200R is diverging in a huge way and is now warning. Anything below 75 on the S&P 500 is considered bearish. It is currently around 74.80 as of yesterday's May 8 close.
$SPXA200R is a breadth indicator showing the percentage of S&P 500 stocks above the 200-day moving average. $SPXA200R declines when more S&P 500 stocks cross below the 200-day moving average.
Please read the rest here; We’re Back to Late 2007… or early 2000 (Remember How Those Ended?)