Walter Deemer: No signs of market thrust despite strong AI-driven rally

Walter Deemer: No signs of market thrust despite strong AI-driven rally
SPX rally lacks true momentum

Walter Deemer notes that, despite a notable four-day 5.74% gain in SPX, no market thrusts are currently visible. According to Deemer, thrusts depend on market breadth, and the Breakaway Momentum threshold is set at 1.97 over a ten-day period. However, during the recent rally, the ratio has remained below this level.

Deemer has recently highlighted strong activity on NASDAQ, where RITR surpassed a billion shares traded and MGN reached 800 million. He also identified an unfilled gap at 703.62 in QQQ, noting its resolution could indicate strength in the market trend. These observations follow his ongoing focus on volume and technical signals across major indices.

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