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

Monday, October 31, 2011

SP500 back within the target zone:



Back to the September or October downtrend line:













... that is the question !
SPY testing support once again:




October monthly forecast v. SP500:




For those considering buying Trading the SP500, now updated through October 2012, or the November Companion, check out the monthly forecast for October above !

Sunday, October 30, 2011

Friday, October 28, 2011

Consolidation time:



And the end result with price & time pivots from the E-mini Trading Companion for October:

Thursday, October 27, 2011

Meanwhile, the Q's are bumping up against long-term resistance:


SP500 aiming for the top of the channel:



which is close to the second bull target:


Old resistance = new support @ 126.3



Wednesday, October 26, 2011

SPY bouncing off support and at a crossroad once again:



What are the odds that European politicians will handle the financial crisis at their doorstep better, or any different, than their US counterparts did in 2008 ?



Monday, October 24, 2011

Thursday, October 20, 2011

SPY trapped between support/resistance lines:



Expecting resolution after opex.

Wednesday, October 19, 2011

Last time the indices were testing support, and the sequence of daily overbought/oversold market internals lead to bottoming prices and a CIT:





Tuesday, October 18, 2011

Thursday, October 13, 2011

The index just loves those trendlines, but still remains at an important crossroad:



Decision time:



Wednesday, October 12, 2011

Looking at the DJ-30 only, this is how overbought/oversold this index has been for the last month and a half:



The breakout didn't materialize, but the trend is still intact:














Although, one has to wonder how much gas is left in the tank, considering it is time for a pre-opex countertrend move:



A bona fide breakout opens the door for a run to 123.5:





Upside target according to another repeat of the past scenario:



Tuesday, October 11, 2011

According to this measure, Bulls are regaining the upper hand:





The day ended the way it started -- at the pivot line:



The old pivot line is in play once again:



Monday, October 10, 2011

According to classic TA, previous resistance becomes support:




Daily SPY and weekly SPX channels and trends:



Hesitating at second hurdle:



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