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

Wednesday, July 31, 2013

SPX QQQ and the Fed

We got the 15 point jump; next catalyst: the job numbers on Friday:










QQQ in breakout mode:


Tuesday, July 30, 2013

SPX Consolidation

SPX still trading within the congestion zone:










All eyes on the Fed. Narrowing daily range should lead to an explosive move.

Monday, July 29, 2013

SPX Targets

Days immediately preceding FOMC meetings, no matter what the outcome or expectations from the meeting, are usually good for a 10-15 point rally from the lows, which means that another test of the highs is likely:


Rallies update

On a % gain basis, SPX sits right in the middle of the previous three rallies of equal or longer duration:



Friday, July 26, 2013

SPY Retest

SPY testing the breakout line once again:










finishing the week with a textbook hanging man candle.

QQQ Trading Range

Qs holding up pretty well compared with larger declines in DJIA and SPX:


Thursday, July 25, 2013

Wednesday, July 24, 2013

SPX and IWM Channel

SPX weekly testing the top of the channel:










while IWM has already broken below the daily channel:



Tuesday, July 23, 2013

QQQ and AAPL Support

Q's testing key support level:










AAPL starts another leg down ahead of earnings:










but jumps above July 18 & 19th highs in after market trading after earnings beat.

SPX Test

SPX testing the breakout line:


Monday, July 22, 2013

SPX Decision Time

With daily and weekly market breadth pulling in different directions, it's no wonder the SPX has a hard time deciding which way to go:










The trend, nevertheless, remains up for the broader market (IWM) as well:


Friday, July 19, 2013

SPX Inside Day

A textbook inside day which takes the guesswork out of predicting which way the market will go. Short below yesterday's low, long above yesterday's high:










Unfortunately, the Qs didn't perform nearly as well:










and AAPL's earnings take center stage next week:




Thursday, July 18, 2013

SPX Double Top

SPX never overcame R3 resistance, finished the day at R2, and printed a perfect double top which should last for a while:


SPX R3

SPX stalling @ R3:


SPX Breakout

arriving on schedule:


SPX Range

According to the fractal,  breakout from this tight range should be expected within a day or two:



Wednesday, July 17, 2013

SPX Range

Despite all the excitement surrounding Ben's testimony, SPX remains stuck in a narrow range:


Sunday, July 14, 2013

SPY & Market Breadth

Market breadth getting overbought:











suggesting one possible outcome:







Thursday, July 11, 2013

Tuesday, July 09, 2013

DJIA Bull Flag

DJIA breaking out of the bull flag:










and bulls back in control:


IWM Leading the Charge

IWM breaking above resistance and registering new all time high:


SPX Hurdles

SPX overcoming one hurdle after another:


Monday, July 08, 2013

Friday, July 05, 2013

SPY Channel

SPY forming a well defined up-sloping intraday channel:


SPX Gap Zone

There may not be enough gas in the tank to power through the gap zone:


Wednesday, July 03, 2013

SPX Trading Range

SPX stuck between the two gap zones:









AAPL reaches previous support level:


Tuesday, July 02, 2013

SPY Stalling

SPY stalling at the gap zone once again:


OEX's Uphill Battle

Facing overbought market internals the major indices will have a hard time keeping the upward momentum going:


Monday, July 01, 2013

SPY Gap Fail

SPY unable to pierce through the second gap:


AAPL Rebound

Second rebound off the 50% retracement:


SPX Cycles

It's fascinating how combining a few well known repeating cycles with imperfect correlation to the current one can lead to an average with almost perfect correlation (chart courtesy of OT Seasonal):


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