The NYSE A-D line has made a new high. This doesn't necessarily mean $SPX will follow with a new ATH. As an example we have July 2024. Both topped on July 16 and fell into July 24. On July 31 the A-D line made a new ATH while SPX hit its 20 day MA. SPX fell 6% in the next 3 days.

SPX20.90%
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