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

Saturday, October 21, 2017

$SPY Pattern and Trend

Strong momentum propelled the futures to new highs on Friday:
















Weekly channel upside target at 2580, Sq9 support/resistance levels at 2550/2595.
Pivot line at 2560.

SPY painted a classic hammer candlestick and, time-wise,  the current upswing is getting overextended, showing some similarities with Feb-Mar '17:


Wednesday, October 18, 2017

$SPY Pattern and Trend

So far, short opportunities have been few and far between in 2017, and shallow pull-backs have presented better long entry points:












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