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

Sunday, December 18, 2016

$SPY and $QQQ Trading Parameters

SPY and QQQ long/short trading parameters for the current week, assuming no sudden changes in volatility.

SPY upside targets: 227.7 and 228.8; downside support at: 222.9 and 221.7, pivot at 225.8, risk/reward: 53%

QQQ upside targets: 121.4 and 121.9; downside support at: 118.2 and 117.3, pivot at 120, risk/reward: 66%:

Saturday, December 17, 2016

$SPY Seasonal Pattern

The SP500 continues following the seasonal pattern, and after the sideways/down phase projected for the past week, is entering one of the most consistently bullish weeks of the year. Therefore, the expectation is for a sideways/up phase to follow:

Resistance at 2280, closest support level at 2145.

Thursday, December 15, 2016

$SPY Swing Pattern and Trend

The SP500 continues following the swing pattern from the previous two rallies:

Immediate support at 2245, resistance at 2280.
The average duration of the last two upswings was 40 days, or the end of 2016.

Sunday, December 11, 2016

$SPY Seasonality

From a seasonal point of view, next week is one of the weakest, and the week after one of the strongest of the year. The SP500 has advanced exactly 900 degrees up from the February lows and is perfectly balanced price and time wise, suggesting that a short-term sideways/down phase is to be expected:

Saturday, December 10, 2016

$SPY Pattern and Trend

As mentioned a month ago, a break above resistance at 2180 opens the door for a higher swing and year-end price target:

2213 and 2180 become support now.

Friday, December 09, 2016

FANG Channel and Trend

The FANG's rallied on cue, and the longevity of the NDX bull run will depend to a large extent on their ability to keep pushing against the upper channel line:

For daily FANG updates please check bottom of the page.

Tuesday, December 06, 2016

$SPY Bulls and Bears

Unless there is a sharp and immediate drop, the bears may be in trouble, as market breadth is oversold, and showing tentative signs of improvement:

Even the FANGs, after a three wave decline, seem to have found their footing and are gathering strength:

Sunday, December 04, 2016

$SPY Pattern and Trend

The SP500 continues following the bullish angle:

Resistance at 2214, support at 2180.

Weekly liquidity shrunk but remains positive:

Friday, December 02, 2016

$SPY Swing Target

The average swing target for the SP500 is 2173, just below the next support level of 2180:

Thursday, December 01, 2016

$SPY Angles and Trend

The SP500 stalled precisely at the 1 x 1 angle:

Closest support levels at 2193 and 2180.
Resistance at 2214.

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