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

Saturday, July 30, 2016

$SPY Angles and Squares

The SP500 is catching up with the 1 x 1 angle after advancing 720 degrees from the June low. As long as price stays above the 1 x 1 angle it remains in a strong position:

Monday, July 25, 2016

$SPY and Peak Liquidity

The liquidity spigot has been turned on full blast but the major indices have stalled at resistance. From a contrarian point of view that's a warning signal since the slightest disappointment is likely to trigger a run for the exits, and may provide a better long entry point:

Thursday, July 21, 2016

$SPY Pattern and Trend

The futures are trapped between angle support and resistance, which is a recipe for a large move to follow:

Next support level @ 2140

Friday, July 15, 2016

$SPY Support Levels

The SP500 remains strong as long as it trades above the 1 x 1 angle currently showing support @ 2140:

The next support level is @ 2120.

Thursday, July 14, 2016

$SPY Upside Targets

The SP500 is fast approaching the Gann 2175 and Hurst 2180 targets:

as Bulls remain firmly in control, albeit at overbought levels:

Wednesday, July 13, 2016

$SPY Pattern and Trend

What a difference a few days make in terms of market breadth:

Overbought conditions usually preceed sideways/down moves.

Saturday, July 09, 2016

%SPY Bulls and Bears

SPX bulls have room to run to the upside before reaching overbought levels which, in turn, could lead to new highs for the index:

Friday, July 08, 2016

$SPY Upside Potential

Market breadth on NYSE and NASDAQ is turning and suggests a decent upside potential for the underlying indices before market internals reach overbought levels once again:

$SPY Pattern and Trend

SP500 target and resistance for this up leg is @ 2125:

Next upside target is 2175.

Wednesday, July 06, 2016

$SPY Pattern and Trend

Futures suggest that support angles will be tested once again at the open:

and they did, bouncing back all the way up to resistance:

Tuesday, July 05, 2016

$IWM Pattern and Trend

After getting overbought, following the Brexit sell-off, the Russell 2000 continues hitting all the right angles on the way day:

Friday, July 01, 2016

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