Market Breadth Data******************************

Wednesday, November 22, 2017

SPX Pattern and Trend

Market breadth got overbought, as expected:

which, usually, precedes a sideways/down phase.

The futures closed right at resistance:

Tuesday, November 21, 2017

SPX Pattern and Trend

The futures have closed within a narrow 40 point range since mid October:

A break below the range will probably be bought by dip buyers, expecting a year-end rally.

A strong up day today will result in overbought market breadth readings.

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