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

Wednesday, November 15, 2017

SPY Pattern and Trend

The futures are testing the key 2565.5 level for the forth time this month:

























The more this level get's tested, the weaker it gets. A break below is likely to lead to a sizable sell-off and a new down-trend. Lower support levels at 2550 and 2544.

Market breadth is hovering just above recent oversold levels:


Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.