A SIMPLE way to know what is being supported/accumulated during corrections in the market is by using the weekly closing range

The closing range is just where it closed within the high & low for the bar

100 = closed at the high
50 = closed in the middle
0 = closed at the low

Here are two different screens focusing on the weekly closing range, one is tight if you don't have much time...the other is loose (for those who are hardcore😉)

Take note of which sectors/themes are being supported and put the best ones on your watch list.

Remember a stock can close down on the day/week and still be healthy and supported if the closing range is at least 40%. Generally speaking, if the week is up you'd prefer a closing range of 60%+.

In both cases the higher the better.

Hope this helps🍀

I'm including the list of 42 stocks that made it through the tighter version, the looser (hardcore) version has 424 names...that's the one I'm going with🤠

Webby's Which Way the Wind is Blowing (hardcore)
Webby's Which Way the Wind is Blowing (timesaver)