Healthcare just hit a 25-year low versus the S&P 500. The ratio is now testing the same level that preceded the sector's bottom in 2000, a logical zone for a bounce.
Today's standout has been leading the group higher:
Merck & Co Inc $MRK is currently exhibiting a Squeeze Score of 92.7 and a Long-Term Squeeze Score of 89.3.
Here’s what the chart looks like:
Merck is coiling against a tactical polarity level near 125 as price works to complete a year-long reversal base.
Volatility has compressed over multiple timeframes on the Strazza Indicator, signaling a meaningful momentum reset as price tightens near the apex of the structure.
A breakout above 125 would complete the short-term coil and could ignite the next leg higher in one of health care’s best vehicles. .
