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

Sunday, March 20, 2016

$SPY Price and Pattern Update

So far the SPX and the DJ30  have covered exactly the same ground as they did in October - November '15, and are within a couple of  % from the November '15 highs:















And if the similarities continue to hold, this is what the future may look like:


















(Spoiler alert: it is never that simple)

The broader market, represented by Russell 2000, has advanced more percentage and point wise, but it suffered a more severe decline in 2015 and lags the November '15 highs by a wider margin:
















The Qs are a reason for concern since they have advanced less and are still 7% below the November '15 high:


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