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

Thursday, March 24, 2016

$SPY Pattern and Trend

The short-term pattern so far looks like a bull flag. Price action is confined between two angles and the ability of the SPX to break above/below them will determine its future trend. There's resistance @ 2038 and support @ 2010:

The cycle pattern suggests something like this:

Momentum is fading but hasn't reached oversold levels yet:

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