Financial News
A Hindenburg Omen in an oversold market
December 18, 2024 at 16:09 PM EST
Mid-week market update: What happens when an ominously sounding Hindenburg Omen occurs when the market is oversold? David Keller described the three components of the Hindenburg Omen in an article:
The full post can be found here.
- The market has to be in an established uptrend;
- Market breadth becomes highly bifurcated, as measured by the expansion of new highs and new lows; and
- A downside break in price momentum.
The full post can be found here.
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