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

Wednesday, May 31, 2017

$SPY Pattern and Trend

Gap fill #7 complete:












although that doesn't automatically mean clear sailing ahead unless key support @2400 holds.

Friday, May 26, 2017

$SPY Pattern and Trend

The SPX is spilling out of the 30 min channel:









while the Russell 2000 is having trouble breaking even above the 50% retracement of the April-May range:



Thursday, May 25, 2017

$SPY Pattern and Trend

New highs, top of the channel tag, and a new Gap #7 in the making:


$SPY Momentum and Trend

The moment we've all been waiting for: a retest of top range resistance


Tuesday, May 23, 2017

$SPY Pattern and Trend

All are in, and virtually every stock from the SPX is on a buy signal:















just when the index is tagging the upper consolidation line:


$SPY Pattern and Trend

Gap 6 was filled. The index remains on trend but still below the upper consolidation level:


Saturday, May 20, 2017

$SPY Pattern and Trend

The gap has been filled, and the index trades above the 50 dma once again:












The question now is whether the SPX can maintain its upward trajectory, or whether the top of the range will act as resistance one more time (preferred scenario).

Wednesday, May 17, 2017

$SPY Pattern and Trend

It wasn't different this time either. All 5 gaps got filled:












The break below support at the 50 dma puts the bottom of the consolidation zone in play.

$SPY Pattern and Trend

It looks like the first gap is about to get filled:












Support at the 50 dma.

Monday, May 15, 2017

$SPY Pattern and Trend

It seems like the bots are not willing to let the breakout happen just yet:
















It would be interesting to see how it plays out since market internals are turning up from oversold levels:


$SPY Pattern and Trend

All of last week's price action looks like a bull flag in the making:


Saturday, May 13, 2017

$SPY Bulls and Bears

The Bulls/Bears ratio continues hovering around 50%:












From a longer-term perspective, the index continues squaring the 1 x 1 2008 angle:


Friday, May 12, 2017

Wednesday, May 10, 2017

$SPY Pattern and Trend

2400 has proven to be formidable resistance for the SPX. Until resistance is broken decisively to the upside, the gap and the 50 dma continue to be in play:


Friday, May 05, 2017

$SPY Gap and Trend

The index seems ready to explode higher, despite the unfilled gap:













Internals went through a rolling correction, while price remained flat, and now favor a sideways/up move:

















Wednesday, May 03, 2017

$QQQ Pattern and Trend

The last time the Qs traded above the 50 dma for such an extended period of time was in 2010-2011:


















After the index broke below the 50 dma in March 2011, it entered a prolonged period of consolidation which lasted until 2012.

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