Matt’s Breadth Indicator Has Turned Red

It actually turned red on October 25th, but I was away on vacation and couldn’t update it right away.

Interesting to compare how low the indicator is, as compared to the S&P 500. While the SP500 has traded in something of a range since the drop on 9/9/16, the wider breadth indicator has taken a serious plunge over the last week.

What does it all mean? How should I know?! Why do you ask me those silly questions anyway?