The stock market completed an important market bottom on February 11, 2016, as the market internals and sentiment signaled that a low was in place. Though the month is not quite over, the monthly A/D line will hold above its WMA in November. All of the daily A/D lines closed last week below their WMA's, but this changed on Monday as the positive advance/decline numbers moved the A/D lines back above their WMA's. The new correction lows were not confirmed by the Nasdaq 100 A/D line, which has formed higher lows (line c). The current stock market correction has increased investor concern over the health of the economy.

Source: Forbes November 28, 2018 14:37 UTC