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

Monday, May 16, 2011

A lot of ground to cover today.

Let's start with GE first, with the support/resistance levels given this morning, which nailed both the top and the bottom:


Next we proceed with the SPX matrix i.e. S/R Levels + Intraday CITs (for the CITs allow +/- 5 min):


And the SPX daily, still flirting with S1:


There was noticeable divergence with Buy Volume


Most likely due to the fact that the sell-off was accompanied with rotation out of certain industry groups into others. Which brings me to the Qs, and the monster gap left on April 20th:

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