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

Tuesday, May 03, 2016

$SPY Bull/Bear Tug-of-War

The tug-of-war @ 2080 continues despite the barrage of bad news from the likes of GOOG, AAPL, MSFT, GILD, etc.:

Support @ 2035, resistance @2110

From February 11 to April 20 the SPX gained 15% for an annualized rate of 110%  --  clearly unsustainable, and a period of sideways/down price action is inevitable.
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