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

Friday, December 28, 2018

SPX Sentiment

From 0 to 100, or from oversold to overbought, in three days:

Weekly sentiment, however, remains at 0:

Monday, December 24, 2018

SPX Market Update

US regulators see nothing out of the ordinary in the markets and, technically, they are correct since NYSE and NASDAQ have only equaled, but not exceeded yet, the longest streak of 8 negative market breadth days:

They may have plenty of opportunity to do so after Xmas.

SPX Weekly Targets

There's one way to find out whether Mnuchin's PPT will come to the rescue -- dare them do it:

Friday, December 21, 2018

SPX Price and Time Targets

An average correction lasts 17 months and would lead to a drop to 2100. This is also consistent with the range projection for 2019 (red vertical line).

Similar to what happened in 2000 and 2008 on a per point basis. A drop of similar magnitude, in percentage terms, gives a low target of 1800 (red horizontal line).

Monday, December 17, 2018

SPX Pattern and Trend

SPX found support at the February low, completing a symmetrical rectangle:

and closed on the weekly downside target:

Friday, December 14, 2018

Weekly Targets Update

SPX closed $1.5 above the lower weekly target:

Oil closed on the lower weekly target:

USDJPY tested the upper weekly target on Thursday and Friday:

EURUSD found support at the lower weekly target:

GBPUSD found support at the lower weekly target before breaking below in the final hours of trading:

AUDUSD sold off from the upper weekly target last week to the lower target this week:

Thursday, December 13, 2018

NYSE and NASDAQ Market Breadth

After peaking on Sept. 24th. NYSE market breadth is at a critical juncture, testing the Oct 29th. low level:

NASDAQ market breadth peaked on August 31st and bottomed on October 29th:

Friday, December 07, 2018

SPX Key Technical Levels

The SPX is exhibiting great sensitivity to all key technical levels, including the lower weekly target:

Tuesday, December 04, 2018

SPX Daily Sell Signal

After we wrote this morning that a drop below 2767 will trigger a retest of the Monday rally:

we're glad we got the post-factum explanation and geek translation courtesy of ZH.
The following is definitely a keeper:

"again deleveraging massive notional in long US Equities expressions across SPX, RTY and NDX live"

Monday, December 03, 2018

Weekly Targets

SPX, Oil, Gold and G6 weekly targets

Weekly market breadth is turning up from oversold levels:

Sunday, November 18, 2018

SPX Buying Pressure Update

Buying pressure bottomed on Nov 15th as expected:

This has short-term bullish implications for the SPX.

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:

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