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

Saturday, April 02, 2016

$SPY Trend and Sentiment

The SP500 managed to hold on to the up angle following a relatively rare double outside day (it happens on average 2-3 times a year) and is within 1% of major resistance:













Early in an uptrend such a pattern is quite bullish;
not so after a prolonged uptrend.
The same goes for DIA and the Qs.

Weekly sentiment remains overbought:


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