The resistance in the A/D, line b, was overcome on June 27 as the A/D line moved out of the corrective mode (point 2). The rally in the daily S&P 500 A/D line failed at its declining WMA last week and it closed at new correction lows on Friday. A move above the downtrend, line b, and last week’s high is needed to turn the daily A/D line positive. The weekly and daily Russell 200 A/D lines are still in solid downtrends with no signs yet that their correction is over. For investors I will be watching the decline for signs of which ETFs may become leaders once the correction is over.

Source: Forbes August 19, 2017 18:56 UTC