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

Sunday, February 19, 2017

$SPY Momentum and Trend

Early NDX and SPX weekly futures trading showing the November '16 rally momentum remaining strong.
Upside NDX target 5380:

Upside SPX target 2380:

During the last 50 years, there have been several uninterrupted stretches of 22 weeks and one of 28 weeks.

Thursday, February 16, 2017

$SPY Pattern and Trend

Yesterday was an inside day for the SPX but upside momentum hasn't been broken yet. At the current rate the market will need three days to work off overbought breadth conditions which normally results in choppy, sideways/down action:

The NDX managed to squeak in a marginal new high:

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