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

Saturday, April 22, 2017

$SPY Pattern and Trend

On a weekly basis, the SPY registered a 2 point advance. The daily chart, however, shows that the index got rejected 7 times at the 50 dma:


















while market internals were getting overbought:
















Expect support at 2340 and 2320 to be tested once market breadth starts deteriorating again.
The best of our indicators are included in CIT Toolbox for TradingView and in CIT Collection for NinjaTrader.

Trading Books