One of my favorite indicators is the % of nasdaq companies trading above their 200 day moving average. Historically this starts to bottom out around 10% aside form 2008/2008 when it was <1%. Since 2009 the lowest readings were during "taper tantrum" in 2019 at 7% and the "covid Crash" in 2020 at 10%. As of yesterday's close we are at 15%. You'll have to copy paste the link https://stockcharts.com/c-sc/sc?s=%24NDXA200R&p=W&st=2008-05-11&i=t3004279311c&r=1652294601255
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