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

Thursday, May 31, 2012

SPX Bear Flag

SPX hanging by a thread:

Monday, May 28, 2012

Thursday, May 24, 2012

SPX Bear Flag

The SPX seems to be building a bear flag:

while AAPL continues having trouble at resistance:

SPY Trendline

SPY holding the line so far:

Wednesday, May 23, 2012

Monday, May 21, 2012

SPX Technical Forecast

SPX with support/resistance levels and trendlines:

For a longer narrative see the weekly article.

Saturday, May 19, 2012

OEX Fibo Scan

OEX 100 weekly Fibo scan for the period starting May '10:

Friday, May 18, 2012

SPX Fib Retracement

SPX daily closing in on 50% Fib retracement at 1290.5:

while weekly SPX is nearing the 38.2% retracement at 1289.5:

thus creating a narrow support band just below Friday's close.

Source: OT Fibonacci

AAPL Support

AAPL trying to regain its footing near support line:

SPY Bounce

A sorry excuse for a dead-cat-bounce just above the daily 50% Fib retracement level so far:

SPX Supprt

SPX at the next support level:

Thursday, May 17, 2012

SPY Fib Retracement

SPY just hit the weekly 23.6% retracement level at 135.52 (source: OT Fibonacci):

The daily 38.2% level is at 132.27

Wednesday, May 16, 2012

SPX Fib Retracement

SPX edging closer to the 32.8% Fib retracement:

Source: OddsTrader

AAPL Downfall

All downhill for AAPL after loosing trendline support:


Another day starting with a bang below resistance:

Tuesday, May 15, 2012

SPX Fib Levels

SPX headed for the 38.2% retracement at 1321:

Source: OT Fibonacci

The weekly Fib 23.6% retracement level happens to be at 1325.

SPY Resistance

SPY knocking at the resistance line:

Monday, May 14, 2012

SPX Make or Break Level

SPX at the make or break level:

SPY Below Pivot

SPY trading below the pivot line at 134:

but AAPL remains firmly planted in the congestion zone:

Saturday, May 12, 2012

JPM 50% Drop

JPM broke below the 50% retracement level in daily and weekly chart:

chart courtesy of OT Fibonacci

Friday, May 11, 2012

OEX Fib levels

OEX still hovering around the 23.6% retracement level:

chart courtesy of OT Fibonacci

Bear Flag

There are tentative signs of a bear flag in the making for both AAPL and SPX:

AAPL Trend

AAPL remains glued to the trendline:

Pivot Line

SPY trying to regain the pivot line:

Wednesday, May 09, 2012

SPX and Money Flow

$Flow approaching levels previously associated with market corrections:

and so does bullish sentiment:

The best of our indicators are available in CIT Toolbox for TradingView and in CIT Collection for NinjaTrader.

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