Market Breadth Indicator Reveals The Next Big Move In S&P 500

The price volume analysis of the S&P 500 and the bullish divergence in stock market breadth point to a probable large move.

There are additional bullish entry setups (from 24 to 106) as seen in the stock screener image below, despite the fact that the S&P 500 fell more than 2% last week along with very high levels of fear emotion.

Select companies from the Biotech (XBI) and Consumer Staple (XLP) categories also exhibit relative strength, in addition to the potential accumulation in China stocks as described in the video at the bottom of this piece. These industrial groupings have outperformed, which is crucial since these stocks are likely to take the lead when the market moves upward.

Let's use the Wyckoff trading approach to analyze the S&P 500's market breadth and price volume behavior in order to glean hints and warning indications about the impending price movement.