Bulls beware. Bears are watching a technical indicator for clues of a sign of what could come.
The Hindenburg Omen, which measures the ratio between the new 52-week highs and lows, was triggered on back-to-back days last week. The technical indicator is used to predict the likelihood of a market crash. But the signal isn’t followed by many traders — because it doesn’t have a reliable track record.
Art Cashin, markets guru and director of floor operations at UBS, recently described the…
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