Wall Street's on edge. These are the levels that stocks must not violate, says Fundstrat

Core Viewpoint - Poor market breadth is a significant concern, indicating that while some stocks may perform well, the overall market participation is limited, which could signal underlying weaknesses in market strength [1] Group 1 - Mark Newton highlights that the current market conditions show a lack of broad participation, which is often a precursor to market corrections [1] - The analysis suggests that the narrow leadership in the market could lead to increased volatility and potential downturns if broader participation does not improve [1] - Concerns are raised about the sustainability of the current market rally given the poor breadth, which may affect investor sentiment and future market performance [1]