Visualizing The Saturation Of Hopium

Tyler Durden's picture

As the S&P 500 oscillates in a 20pt range this week between its 50DMA and the 4/23-4 Bernanke Hope lows, it is becoming increasingly clear that the breadth of the hopium-infused float-all-boats new-normal reality is seriously fading.

NYSE net new highs is fading fast as the S&P clings to hope...

 

in a tight band between 50DMA and Bernanke's Hope Low...

Chart: Bloomberg