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:



Bang


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:



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