Breadth Crash

Managing Partner at Tim Knight Organization • Apr 11, 2025 at 3:10 AM EDT

This article lists the chart of the percentage of stocks above their 200-day MAs plunging. Interestingly, despite being a derived, non-tradeable metric, it still follows classic chart patterns—something fascinating for any lifelong chartist.

person using MacBook Pro on table

Image Source: Unsplash

Below is a chart of the percentage of stocks above their own 200-day moving averages (symbol $SPX200MA). Unsurprisingly, this thing is cratering, and what’s fascinating to me as a lifelong chartist is how, even though this is a derived number and a non-tradeable instrument, the chart still obeys classic charting dynamics.

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