- Ryan Mallory
It is always concerning to me when the T2108 Chart starts diverging from the market
For those of you not familiar with the indicator, the T2108 chart measures the percentage of stocks that are trading above their 40-day moving average. Typically in a very healthy market where it is consistently making higher-highs and higher-lows, the T2108 indicator will be in the realm of 75% or more.
So with the S&P 500 hitting new all-time highs day after day (minus the last five trading sessions), one would expect that this indicator would be soaring right?