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

Saturday, May 28, 2016

$SPY A Look Ahead

Assuming the lows are in, these are the price parameters for the SP500 until the end of 2016, based on average annual price advances and bottom reversals:













Oddstrader's year end upside targets are in black.


Wednesday, May 25, 2016

$SPY and Investor Sentiment

Bullish sentiment is peaking once again:













$SPY Pattern, Trend and Time

The last up-swing to break above 2080 lasted 8 days, or twice the average:


















Currently, an 8 day upswing coincides with the end of May.
Resistance @ 2111.

Tuesday, May 24, 2016

$SPY and Bullish participation

The improvement in market breadth, noted last week, has been accompanied by declining bullish participation (a non-confirmation, so far):




Sunday, May 22, 2016

NYSE and NASDAQ market breadth started showing signs of improvement a few days earlier than price:




Wednesday, May 18, 2016

$SPY Repeating Patterns

While everybody is focused on the developing head and shoulders pattern, there are other patterns in play as well:













They imply a different timing and a bigger sell-off.

Monday, May 16, 2016

Sunday, May 15, 2016

Saturday, May 14, 2016

$SPY Pattern and Trend

The SPX is forming a potential head and shoulders pattern and a break below the neck line points to a 1945 price target:




















At the current rate market breadth can deteriorate for a few more days before reaching oversold levels:


Friday, May 13, 2016

$SPY Pattern and Trend

A third flag in the making:













Will the outcome be any different ?

Thursday, May 12, 2016

$KO Pattern and Trend

KO is on the verge of another spill once it breaks below the 1 x 1 angle:


Wednesday, May 11, 2016

$QQQ and Market Breadth

The average market breadth swing duration for the QQQ and SPX is a little over 4 days. The current market breadth upswing for the Qs and SP500 is in its fifth day:

























The overbought/oversold triggers are 36 and 16



Tuesday, May 10, 2016

$SPY Swing Pattern and Target

Since the length of the preceding counter-trend swing was exceeded, this looks more like a new impulse swing with a minimum target of 2080:




Saturday, May 07, 2016

$QQQ Trend and Support

One day bounces haven't worked very well for bulls lately, but considering the length of the current decline, and the presence of nearby support, something more than a dead cat bounce should be expected:















Market breadth continued deteriorating:














Ditto for the SPX:


















Friday, May 06, 2016

$SPY Swing Chart

SPX500 without the price noise and with two swing displays with different price sensitivity:














Following a weak jobs report, the futures are finding support at the 2035 level mentioned before.
Lower support @ 2022.

Wednesday, May 04, 2016

$FANG Turnaround in a Bull Trend

The FANG stocks ( FB, AMZN, NFLX and GOOG) are signaling a sharp turnaround within a  bullish uptrend:










(Chart updates daily at the bottom)

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.

Sunday, May 01, 2016

$SPY and Decennial Cycle

So far 2016 is showing close correlation with the Decennial cycle, in general, and with years 1956, 1986 and 2006, in particular (ranging between 83% and 93%):

























(Chart courtesy of OT Seasonal)

The average for the selected years is displayed in red.

In the meantime, the Qs reached their support zone:


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