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

Tuesday, February 21, 2017

$SPY Momentum Update

Daily momentum remained strong for the SPX and NDX.
SPX support @2340:

NDX support@ 5280:

The August '16 upswing lasted 34 trading days.Today marks the 34th trading day of the current, January '17 upswing.

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.

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