Extreme market breadth saying a major bounce is coming

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S&P 500 Stocks Above 200-Day Average (INDEX:S5TH)

INDEX:S5TH S&P 500 Stocks Above 200-Day Average

In this video, I've shown a means of measuring the current breadth in the market. It's at extreme lows which have historically marked major bottoms for the market.

TAKEAWAY

Combining this with my cycle analysis, I think a rally is coming over the next 6 weeks