“A healthy strengthening bull market
is accompanied by a large number of stocks
making moderate upward advances in price.
A weakening bull market
is characterized by a small number of stocks
making large advances in price,
giving the false appearance that all is well.”
The Bullish Percentage of SPX is down.
New Highs decreasing vs. New Lows increasing.
Percent of stocks above their 50 Day Moving Average is down.