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

Friday, December 29, 2017

SPX Pattern and Trend

The index finished the year just 1% above our high target.

And now it's time to post the parameters for 2018:














The eight year of the decennial cycle is generally positive, although every 30 years there are signs of weakness or under-performance. 2008 being the most prominent example.















Tuesday, December 26, 2017

2017 Recap

In January '17 we published our roadmap for 2017 and, once again, the SPX didn't disappoint. It followed the 1 x 1 angle for most of the year:












until it overshot our upside target by 1.8% in December (just like it did in 2016).

The key resistance line, for various reasons, remains 2685.

Saturday, December 09, 2017

Seasonality

From a seasonal point of view, one of the weakest and one of the strongest weekly seasonal periods are just ahead of us:


Chart courtesy of OT Seasonal.

Monday, December 04, 2017

SPX Pattern and Trend

Monday's price action has sell the news written all over it:

Weekly support @ 2560, daily support @ 2600, resistance at the uptrend megaphone line.

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