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

Saturday, September 23, 2017

SPY Pattern and Trend

After being pinned to the top for six straight days, with little to show for, in terms of price gains, Trend and Momentum are taking a well deserved breather:












while VIX continues racing to the bottom.

Key support at 2490.
Daily pivot at 2495, weekly at 2470.

Wednesday, September 20, 2017

SPY Pattern and Trend

The index is pushing on a string waiting for the Fed and the tax reform proposal, which is keeping downside pressure in check:

The daily pivot line is at 2499 with two unfilled gaps underneath. The trend and momentum readings continue to be maxed out.

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