After Thursday’s sharp market-wide sell-off, Friday’s session (Oct 31) showed a rebound in short-term participation metrics. However, longer-term breadth indicators remain weak, and the overall trend is still tilted to the downside. A cautious stance is warranted as there is no clear evidence of a sustainable recovery yet.
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Breadth deteriorated again on Thursday, October 30, as declining stocks outpaced advancers across multiple timeframes. Short-term momentum indicators have turned decisively negative, and broader participation trends are again showing signs of strain.
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