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The following table contains data on market advances and declines. Market advances and declines Day Advances (in millions) Declines (in millions) 1 906 704 2

The following table contains data on market advances and declines.

Market advances and declines

Day Advances (in millions) Declines (in millions)
1 906 704
2 653 986
3 721 789
4 503 968
5 497 1095
6 970 702
7 1002 609
8 903 722
9 850 748
10 766 766

a.

Calculate cumulative breadth. (Enter your answers in millions. Negative values should be indicated by a minus sign.)

Day Cumulative Breadth (in millions)
1
2
3
4
5
6
7
8
9
10

b. Whether this technical signal is bullish or bearish.
Bearish
Bullish

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