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

Friday, January 22, 2016

$SPY Positive Divergence

The technical outlook for the e-mini has improved considerably:

The Trend oscillator is showing a strong positive divergence, a new up angle was triggered and price has climbed above the 50% retracement of the Jan 13 - 20 down-swing. First upside target is the 50% retracement of the Dec 30 - Jan 20 down-swing at 1946.

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