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

Saturday, January 13, 2018

SPX Pattern and Trend

It's still early in the year to rely on annual pattern recognition, but here's a preliminary daily model anyway:














(Chart courtesy of OT Seasonal)

Wednesday, January 03, 2018

SPX Pattern and Trend

It doesn't pay to fight the trend even when things seem overbought:


Tuesday, January 02, 2018

SPX Pattern and Trend for 2018

Despite the bullishness of the eight year cycle, we should not lose track of the fact that this is the second longest rally in the last 120+ years:

And, although there's no rule that says that this cannot become the longest rally in history, the odds favor a correction at any time. Therefore, it's very important to keep track of the yearly angles, pivot and cycle lines:












and in particular of the 2685 SPX level.

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