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

Tuesday, June 13, 2017

$SPY Pattern and Trend

If the symmetry continues to hold, expect a swing low mid September, and rally until April/August '18:

SPX price target 2500 - 2510.

Monday, June 12, 2017

$QQQ Pattern and Trend

The Qs found support at the 50 dma and the % decline is consistent with previous corrections in an uptrend:


Sunday, June 11, 2017

$QQQ Pattern and Trend

The uptrend hasn't been broken yet, as the Qs declined exactly to the 50% retracement of the last upswing:












This was a good example, however, of what to expect once everybody rushes for the exit at the same time.

Friday, June 09, 2017

Thursday, June 08, 2017

$SPY Pattern and Trend

The index is at a critical juncture, deciding whether to stay with the current and, eventually, retesting the lower channel line, or accelerating upwards and establishing higher support/resistance levels:

Wednesday, June 07, 2017

$SPY Pattern and Trend

The SPX is testing the breakout channel, trading below the 1 x 1 angle


Sunday, June 04, 2017

$DIA and Bull Rallies

Since the DJIA made a new high last Friday, here's an update of the historical rallies table:

















The current rally is 375 days short of the longest rally in history, and ranks #5 in terms of % gain.



Only two rallies out of 28 have topped in May or June.


Friday, June 02, 2017

$SPY Waves, Momentum and Trend

Daily market breadth suggests that the sideways/down phase is over, and there's plenty of upside potential left:
















Also, the short-term upswing exceeded the length of the preceding downswing, meaning that we are currently in week 30 of the larger trend which remains up:
















This is the latest leg of the bullish wave pattern which started in 2009:

















From this perspective, we've already exceeded the length (58 weeks) of the first leg of that pattern.

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