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

Monday, June 18, 2018

SPX Pattern and Trend

The futures couldn't break resistance at 2788 and now a retest of the previous resistance level at 2740 should be expected:

Tuesday, June 12, 2018

SPX Pattern and Trend

Getting ready to test the 2788 - 2800 resistance zone:

Support at 1 x 1 angle and 2740.
Next target: 2840.

Saturday, June 09, 2018

SPX and G6 update

The SPX finally broke out of the month-long consolidation, while most of the forex pairs hit our targets and reversed:

Full analysis here.

Thursday, June 07, 2018

Wednesday, June 06, 2018

SPX Pattern and Trend

Inching closer to our upside target:

The close slightly overshot R2 of the weekly pivot line but price swiftly pulled back immediately after the close:

Monday, June 04, 2018

SPX Pattern and Trend

The daily Pattern Oscillator reached overbought levels once again:

Friday, June 01, 2018

SPX Pattern and Trend

Both the SPX and NDX Pattern Oscillators have reached overbought levels:

Thursday, May 31, 2018

SPX and Pivots

The 4h chart highlights the reaction of price to the weekly pivots and angles:

Wednesday, May 30, 2018

Tuesday, May 29, 2018

USDCHF Targets and Trend

And the winner is USDCHF which tested both the weekly upside and downside targets in a single day:

Thursday, May 24, 2018

SPX Trading Range

Lack of bullish or bearish conviction leads to a two week long narrow range bound price action:

Wednesday, May 23, 2018

SPX Pattern and Trend

As expected, the futures never made it to 2740, and were even unable to close above 2733:

The next key support numbers are 2700 and S2 at 2694.

Monday, May 21, 2018

SPX Trend and Resistance

The next key resistance level is 2740 which the e-mini may have trouble even reaching today:

The weekly Pivot line is at 2733: bullish above, bearish below.
For the longer-term picture look here.

Friday, May 18, 2018

SPX Pivots

The futures have been testing S1 support all week long:

First resistance at 2717.

In a day or two market breadth will reach oversold levels:

Tuesday, May 15, 2018

SPX Long Term View

The long-term view reveals a well defined three waves structure:

Monday, May 14, 2018

Sunday, May 13, 2018

Dollar Index Pattern and Trend

The DXY is sitting on triple support:

with resistance at 94 and 95.15:

Lower support at 91.8 and 91.3.

Saturday, May 12, 2018

SPX Trend, Support and Resistance

In classic TA fashion, what was resistance became support:

Next resistance level: 2737.
Channel target: 2770

Thursday, May 10, 2018

Wednesday, May 09, 2018

SPX Pattern and Trend

The high came in at 2700.1:

and there's a whole cluster of resistance levels between 2700 and 2720.

The Pattern Osc. is reaching overbought levels:

SPX Support and Resistance

Assuming the breakout above the 50 dma and the April 30th high at 2682 sticks, next upside target levels and resistance at 2700 and 2720:

Monday, May 07, 2018

Sunday, May 06, 2018

SPX Pattern and Trend

The e-mini finished the week at an important inflection point, at the crossroads of a bullish and bearish channel:

Friday, May 04, 2018

SPX Trend and Resistance

After a swing gain of 22+ points, the e-mini is closing in on an area of heavy resistance:

Thursday, May 03, 2018

Wednesday, May 02, 2018

$SPX Pattern and Trend

More bad news for the SPX, as it dropped below the monthly pivot, and out of the uptrend channel:

First support at 2624.

Tuesday, May 01, 2018

SPX Monthly Pivot

After being rejected at resistance at the end of April, the futures are starting May on the edge, just above the monthly pivot:

Friday, April 27, 2018

SPX Weekly Pattern and Trend

The SPX met resistance and finished the week at the weekly pivot:

The April uptrend hasn't been broken yet, and price is above the monthly pivot, which is also positive.
There's resistance at 2676, and the 50 dma is at 2689.

Thursday, April 26, 2018

SPX Pattern and Trend

The index traded from channel support to weekly pivot resistance:

A break above 2676 opens the door for a mid and upper channel retest.

Wednesday, April 25, 2018

SPX Pattern and Trend

Just like yesterday - bouncing off 2615 and closing within the 1 x 1 channel, keeping the April uptrend alive:

And market breadth reached rock bottom, which is bullish from a contrarian point of view:

Tuesday, April 24, 2018

$SPX Pattern and Trend

In the weekly forecast, we mentioned the importance of the channel and the pivot line. After bouncing off the bearish target, the SPX managed to pull back within the channel, and closed exactly at the pivot line, leaving the April uptrend intact for now:

Sunday, April 22, 2018

SPX Pattern and Trend

The SPX and NDX Pattern Oscillators are looking for a bottom:

For next week's price targets click here.

Friday, April 20, 2018

Thursday, April 19, 2018

SPX Pattern and Trend

Time for a counter-trend swing:

(Chart courtesy of CIT for TradingView).

Wednesday, April 18, 2018

SPX Pattern and Trend

Following the breakout above resistance at 2680, 2800 emerges as the next upside target:

The best of our indicators are included in CIT Toolbox for TradingView and in CIT Collection for NinjaTrader.

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