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:

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