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

Monday, February 13, 2017

$SPY Breadth and Trend

Market breadth has now reached overbought levels (3600) and it would be interesting to see if the SP500 can continue to advance, in anticipation of tax cuts and stimulus, or will follow the natural market breadth ebb and flow, and start a sideways/down phase:

If the SPX and NDX are unable to make new highs on Tuesday, that will signal that the market is running out of steam. For tangible signs of reversal, a drop below 2300 for the SPX is needed:

For the NDX, the first sign of trouble comes below 5215:

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.