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

Saturday, September 24, 2016

$SPY Bulls v Bears

For a break out to occur the Bulls should be able to exceed 75%:












Not a gimme with the US presidential elections in November.

Elections notwithstanding, the SP500 continues to follow the seasonal pattern:








Wednesday, September 21, 2016

$SPY Post-FOMC Analysis

Just when the SP500 and related indices broke back within the consolidation zone, market breadth is reaching overbought levels. This usually precedes a sideways/down phase necessary for the market to catch its breath :













Next calendar CIT September 28th.
Resistance at the ATH

Tuesday, September 20, 2016

$SPY Relative Strength

The broader NYSE market continues to exhibit more vulnerability than the NASDAQ:



Saturday, September 17, 2016

$SPY Pattern and Trend

SPY broke again below the daily trend bars at the close on Friday:
















Ditto for the weekly and monthly:













212 remains a must hold level.
The trend turns positive again above 214.
The next Calendar CIT is Sept. 19th.

Thursday, September 15, 2016

$SPY Channel Support and Resistance

As mentioned before, 2125 and 2180 form the upper channel target band for 2016:


Wednesday, September 14, 2016

Saturday, September 10, 2016

$SPY January or July

In January, when everybody ran for the exits, it took the major indices almost half a month to find a bottom:












In July, it was a 2 day affair.















weekly channel support @2090.
The next calendar CIT is September 19th.
The seasonal weak period ends in three weeks.

Thursday, September 08, 2016

$SPY Trend and Sentiment

There's a notable lack of conviction and enthusiasm, all around, despite the fact that the major indices are trading near their highs:



Wednesday, September 07, 2016

$SPY Pattern and Trend

Continuing short-term upward stair-step action for the SPX:














supported by tepid enthusiasm:


Saturday, September 03, 2016

$SPY Angles and Trend

The SP500, while trading in a box, has managed so far to keep above key support angles:












despite anemic market breadth readings:


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