Market breadth is improving, Bitcoin is holding strong at $96–97k, and credit markets remain steady. The so-called Hindenburg Omen looks like another false alarm.

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People keep trying to drag this into crash talk while the tape is telling a different story. Breadth is firming and buyers keep showing up on every dip, so a short rally makes more sense than another doom cycle right now.

The Hindenburg Omen is resurfacing again, so I felt compelled to post and debunk the myth.

$SPY with Breadth Indicator:

Market breadth is improving — about 52% of S&P 500 stocks are now trading above their 50-day moving average. When the market is on the verge of a real crash as in Feb 2020, breadth usually deteriorates well before prices nose-dive.

But that’s not what we’re seeing right now. This looks more like a technical pullback, not the start of a major breakdown. If breadth continues to firm up, the market could resume its upside as early as next week.

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