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

Tuesday, May 23, 2017

$SPY Pattern and Trend

Gap 6 was filled. The index remains on trend but still below the upper consolidation level:

Saturday, May 20, 2017

$SPY Pattern and Trend

The gap has been filled, and the index trades above the 50 dma once again:

The question now is whether the SPX can maintain its upward trajectory, or whether the top of the range will act as resistance one more time (preferred scenario).

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