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

Thursday, November 08, 2018

SPX Buying Pressure

Buying pressure has reached peak levels just before the FED announcement on interest rates:










At the current rate it will need 4 days to get oversold again.

Monday, November 05, 2018

Weekly Targets for SPX, Gold, Oil and G6

The weekly targets are available here

SPX direction to be determined by a break outside of Friday's range:


Saturday, October 20, 2018

SPX Pattern and Trend

Using the SPY as an example, whenever there was a sell-off this year, the first swing low was followed by a lower low before the uptrend continued:


Wednesday, October 17, 2018

Friday, October 12, 2018

Market Breadth

For the third time this year market breadth fell to extreme oversold levels:











NDX is the first to exhibit cautionary signs of strength.

Thursday, October 04, 2018

Tuesday, October 02, 2018

Friday, September 28, 2018

SPX Pattern and Trend

There's strong symmetry between the first and the last waves and, based on that, a speculative projection can be made:


Monday, September 24, 2018

Weekly Target Updates

The weekly target updates for SPX, Gold, Oil and G6 are out:












The SPX is moving on schedule to reach the year-end high target.

Thursday, September 06, 2018

SPX Pattern and Trend

In classic TA fashion, following the August break-out to new highs, the SPX is testing the Jan '18 high:


Monday, August 13, 2018

SPX January Top Chart

So far, 2018 is showing a high 75% correlation with years with a January high:























Red line is the average for the years when the index topped in January.

(Chart courtesy of OT Seasonal and Gann 9)

Sunday, August 12, 2018

Tuesday, July 31, 2018

SPX Pattern and Trend

The futures starting the day in no man's land: between the 2785-2800 support zone and the CIT Cloud at 2815:


Tuesday, July 24, 2018

SPX Weekly Targets

Previous resistance at 2785 - 2800 is now support; next target: 2880


Tuesday, July 10, 2018

Market Breadth

For the fourth time this year DJIA, NDX and SPX market breadth readings have reached max/overbought levels:















Friday, July 06, 2018

SPX Pattern and Trend

The index is at an important junction. Just when resistance at 2740 is being tested, market internals are getting overbought:













Tuesday, July 03, 2018

Sunday, July 01, 2018

SPX Cycles

SPX has been diverging strongly from the decennial cycle during the first half of '18 (-17%):


















The best cycle fit with the previous 125 years suggests a barely positive year-end result:


Saturday, June 30, 2018

SPX Roadmap for '18

Here's an update of the SPX '18 roadmap, first published in January '18:




Friday, June 29, 2018

SPX Pattern and Trend

The question now is whether 2740 will cap the current upswing, or whether the rally will extend to July 4th:





















Odds favor July 4th.

Wednesday, June 27, 2018

NDX Pattern and Trend

Price action unfolded according to the scenario suggested yesterday. And although both the NDX and SPX painted similar candles, the Pattern Oscillator reveals that weakness in NDX is more wide spread:











Similar oversold levels have preceded short-term reversals in the past, but support for both indices needs to hold first.

Tuesday, June 26, 2018

SPX Pattern and Trend

Almost identical price action with strong bearish implications, making tomorrow a very important day:

2700 remains the key level to watch.
The next support level is 2673.

Monday, June 25, 2018

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:



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