Range
Dist8

Pillar 1 · Market Health

Market

Market Health
Under pressure
Exp: 50%
SPX 2HR AskSlim
Neutral
IBD Market Pulse
Uptrend under pressure
Intermarket
supportive
0H · 2T
Market Health
Under pressure
Recommended Exposure
50%
Several negatives / a severe one — get defensive.
view all rules →
⚠ Warning signs firing (4, 2 severe) — reduce exposure / don't add.
  • •ema21 loss (mild) — Index closed below the 21-day EMA (stall warning).
  • •below 50dma (mild) — Index closed below the 50-day SMA (character change).
  • •distribution cluster (severe) — 8 distribution days in the last 25 sessions.
  • •defensive leadership (severe) — Defensives (staples/utilities/healthcare) leading cyclicals — risk-off rotation; be more careful.
2s10s 0.31HY OAS 2.75%
supportive· 0 headwinds / 2 tailwinds
✓10Y yield -11bp in 4w — within normal range
✓Dollar strong, Gold falling — no divergence

Power-trend checklist

Power trend off

  • Index daily low above the 21-day EMA for ≥ 10 consecutive days
  • 21-day EMA above the 50-day SMA for ≥ 5 days
  • 50-day SMA rising
  • Index closed up on the latest day

Nasdaq 100 (QQQ)

Loading chart…
Market Indicator
IBD Market PulseUptrend under pressure
  • •-0.3% vs 50-day MA.
  • •Close is below the 21-day EMA; above the 200-day MA.
Index Levels · Distance to Close
Close
25,832.67
21-day EMA
25,937.95-0.4%
50-day SMA
25,912.18-0.3%
200-day SMA
23,702.59+9.0%

Signal Days · 80 sessions

Institutional pressure — the signal is the cluster, not a single day

Watch
Signal types
DDistribution
8/ 10%
avg 2+6
CChurn / Stall
10/ 13%
avg 3+7
FFollow-through
11/ 14%
avg 4+7
Direction
Up days
28/ 35%
avg 13+15
Down days
16/ 20%
avg 10+6
Flat / N/A
7/ 9%
avg 2+5

Seasonality · Jan–Dec

SPX monthly returns · current year / prior year / historical average

2026
2025
Ø 11y
2015–2025
Jan
+1.4
+2.7
+1.4
Feb
-0.9
-1.4
+0.0
Mar
-5.1
-5.8
+0.0
Apr
+10.4
-0.8
+1.1
May
+5.2
+6.2
+1.4
Jun
-2.0
+5.0
+1.5
Jul
+2.2
+3.2
Aug
+1.9
+0.3
Sep
+3.5
-1.5
Oct
+2.3
+1.4
Nov
+0.1
+3.8
Dec
-0.1
-0.1
SPX monthly return · 2026 live · avg = Ø 11 Jahre (2015–2025)

Detail — last 4 months

Δ% vs prior session · D = distribution · C = churn · F = follow-through

Apr 2026
Mo
Tu
We
Th
Fr
1
+1.2
2
+0.2
3
6
+0.5
7C
+0.1
8
+2.8
9
+0.8
10C
+0.3
13
+1.2
14F
+2.0
15F
+1.6
16
+0.4
17F
+1.5
20
-0.3
21D
-0.6
22
+1.6
23
-0.9
24F
+1.6
27
+0.2
28
-0.9
29C
+0.0
30
+0.9
May 2026
Mo
Tu
We
Th
Fr
1
+0.9
4C
-0.2
5
+1.0
6F
+2.0
7C
-0.1
8F
+1.7
11C
+0.1
12
-0.7
13
+1.2
14
+0.9
15
-1.5
18D
-0.5
19
-0.8
20
+1.5
21
+0.1
22C
+0.2
25
26
+1.2
27
+0.1
28
+0.9
29C
+0.2
Jun 2026
Mo
Tu
We
Th
Fr
1
+0.4
2
+0.0
3
-0.9
4
-0.1
5D
-4.2
8
+0.9
9D
-1.0
10
-2.0
11F
+2.5
12C
+0.3
15F
+3.1
16D
-1.1
17D
-1.3
18F
+1.9
19
22
-1.3
23D
-2.2
24D
-0.4
25
-0.5
26D
-0.2
29
+2.1
30F
+1.5
Jul 2026
Mo
Tu
We
Th
Fr
1
-0.7
2D
-0.8
3
6
7
8
9
10
13
14
15
16
17
20
21
22
23
24
27
28
29
30
31
DdistributionCchurn / stallFfollow-through normal· 5+ distribution days in ~25 sessions = institutions selling.