Stock Charts Indicate Imminent Breakout from Extremely Tight Range
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Stocks Poised for Breakout: Market Internals Signal End to Tight Range
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CNBC TV18•18-03-2026, 12:33
Stocks Poised for Breakout: Market Internals Signal End to Tight Range
•Despite significant global events, stock markets have remained in an ultra-tight trading range for months, defying expectations.
•Key market internal indicators like Nasdaq TICK and NYSE TICK show institutional selling pressure is drying up, with higher lows despite index lower lows.
•The put-to-call ratio indicates fearful option hedgers are buying fewer puts, suggesting reduced bearish sentiment.
•Advance/decline lines are making higher lows, signaling broad selling pressure is diminishing across a wide spectrum of stocks.
•A potential Zweig Breadth Thrust trigger, historically leading to higher markets 90% of the time, could confirm a market low and sustained buying power.
