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.


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