Dave Keller looks at why the market rose fast and asks if that rise can keep going. He uses five simple charts to check the S&P 500.
The first chart shows how many stocks are moving up versus down. More stocks going up usually means the market is healthy.
The second chart measures the percent of stocks above important moving averages. A high percentage is a good sign.
The third chart counts the number of new 52‑week highs. Lots of fresh highs point to strong buying power.
The fourth chart follows the VIX, a fear gauge. Lower VIX numbers often mean calm market conditions.
The final chart marks key Fibonacci levels. These levels help predict where the market might turn.
Dave says the rally will stay alive only if these charts stay strong. If they weaken, the market could fall.
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