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

Sunday, March 05, 2017

$SPY Momentum and Trend

While daily momentum turned neutral, weekly momentum remained strong and will turn neutral only on a drop below 2360:

The picture for the NDX is very similar, weekly momentum will turn neutral on a drop below 5300:

Time-wise, both instruments are overextended and due for a pull-back.

The average retracement is 4% for both the SPX and NDX.

The best of our indicators are available in CIT Toolbox for TradingView and in CIT Collection for NinjaTrader.

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