New highs new lows

Last week's blog post: "New lows have been rising since since late July all the way to 8/21. The cross of new lows exceeding new highs was about 8/15-16. The market is not "in the clear" until new highs exceed new lows. Should that happen, point in bulls favor."

And that is how it played out on 8/31, with 10MA of new highs jumping to 63 with new lows falling to 49. Note these other crosses since 2016 have been excellent places to return to bullish mode - 3/1/2016 and 11/10/2017.

2 50 NHNL.png