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

Saturday, January 30, 2016

$SPY Bounce Parameters

The first leg of this rebound shows similarities with August 2015:













There's heavy resistance at the 1942 - 1946 level which corresponds to a 270 degrees advance from the January '16 low and a 50% retracement of the January '15 down swing. The very same levels that stopped the upswing in August and September 2015. Monday is also a short term CIT date.
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