- Back in early February of 2020, I noted that, even as the major stock market indexes had pushed to new highs, a number of Hindenburg Omens had been triggering on the NYSE and the Nasdaq pointing to a significant deterioration in breadth.
- As has been widely reported, stock market breadth has been showing signs of deterioration again recently.
- Specifically, a total of 10 Hindenburg Omens have triggered on the Nasdaq over the past six months, a level that has regularly warned of significant stock market turbulence ahead.
For further details see:
Where There's Fire There's Smoke