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

Thursday, March 23, 2017

$SPY Bulls and Bears

The SPX Bull/Bear ratio dropped to 50%, reflecting uncertainty about the execution and timing of Trump's economic agenda:












The index is trading in a narrow range with key support at 2335, and resistance at 2355.

Wednesday, March 22, 2017

$SPY Pattern and Trend

Daily market breadth reached oversold levels:
















and the futures are trying to stage a reversal:

























Key resistance at 2355.

There is a pattern of lower lows and lower highs currently in place.

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