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

Saturday, September 30, 2017

$SPY Pattern and Trend

A true breakout or end of quarter window dressing ?















We'll have the answer next week.

For the time being, the trend remains up, and the upside weekly target moved to 253.5
Pivot line at 249.7, support at 249 and 247.4.

Market sentiment remains positive, currently approaching overbought levels:












Trend and momentum readings are maxed out:




Saturday, September 23, 2017

SPY Pattern and Trend

After being pinned to the top for six straight days, with little to show for, in terms of price gains, Trend and Momentum are taking a well deserved breather:












while VIX continues racing to the bottom.

Key support at 2490.
Daily pivot at 2495, weekly at 2470.

Wednesday, September 20, 2017

SPY Pattern and Trend

The index is pushing on a string waiting for the Fed and the tax reform proposal, which is keeping downside pressure in check:

The daily pivot line is at 2499 with two unfilled gaps underneath. The trend and momentum readings continue to be maxed out.

Sunday, September 17, 2017

$SPY Pattern and Trend

The index finished opex week pinned at its first upside target of 250/2500:












The combined trend and momentum readings are at their maximum level suggesting that a sideways/down phase is to follow:












Daily pivot @ 2495, weekly @ 2492.
All eyes on the FED.

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