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

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:




Sunday, April 15, 2018

SPX and G6 Targets

Technical analysis and price targets for next week for the SPX and G6 currencies available here:


Friday, April 13, 2018

Thursday, April 12, 2018

SPX Pattern and Trend

A pretty good day for the matrix, trading between the pivot line and R2:















(Chart courtesy of CIT for TradingView)


SPX Pivots and CITs

Today's pivots and CITs:

:

Wednesday, April 11, 2018

SPX Pattern and Trend

Pretty much a repeat of yesterday's action - the index bouncing between the daily pivot line and R2 with some good CIT hits in between:
















(Chart courtesy of CIT for TradingView)

Market breadth remained neutral for most of the day:


SPX Pivots and CITs

SPX daily pivots:















and CITs: 10:05, 10:25, 11:00, 11:30, 12:00, 12:50, 13:20, 14:00, 14:30, 15:10

Yesterday's result:


Tuesday, April 10, 2018

SPX Pivots & CITs

SPX daily pivots:














and intraday CITs: 9:40, 10:55, 11:25, 11:55, 13:00, 13:50, 14:15, 15:30, 15:45

Yesterday's result:


Monday, April 09, 2018

SPX Intraday Update

A few of the CITs coincided with pivot level breakouts/downs:


SPX Pivots and CITs

SPX daily pivots:

























and intraday CITs: 9:40, 10:25, 11:25, 12:00, 12:50, 14:00, 14:45, 15:10

SPX Pattern and Trend

Weekly sentiment has dropped to levels previously associated with market troughs:


Sunday, March 25, 2018

Saturday, March 24, 2018

SPX Pattern and Trend

The SPX continued bouncing between weekly pivots:














Chart courtesy of CIT Toolbox for TradingView

Next weeks price targets for SPX, USD, EUR, CAD, AUD, CHF, GBP and JPY can be found here.

Friday, March 23, 2018

SPX Pattern and Trend

The e-mini is bouncing between S2 and S3 pivots in pre-market trading:





















Chart courtesy of CIT Toolbox for TradingView

Lower support at 2565 and then the quarterly pivot line.

Thursday, March 22, 2018

SPX Pattern and Trend

The futures dropped below the monthly pivot, currently finding support at S1:

Chart courtesy of CIT Toolbox for TradingView

Lower support at S2: 2650

Tuesday, March 20, 2018

$SPX Pattern and Trend

Waiting for the FED, trading in a narrow range above/below the pivot line:







Chart courtesy of CIT Toolbox for TradingView

Monday, March 19, 2018

SPX Pattern and Trend

The futures bounced off S4 and a double bottom followed shortly thereafter:























Chart courtesy of CIT Toolbox for TradingView

$SPX Pattern and Trend

Minutes ago, the e-mini tagged the lower intraday support pivot at 2695, and is riding the channel back up:


Saturday, March 17, 2018

SPX Weekly Pivots

Projected weekly pivots for the e-mini:

















Chart courtesy of CIT for TradingView

Pivot: 2755
R1: 2774, R2: 2793
S1: 2736, S2: 2717

Friday, March 16, 2018

$SPX Pattern and Trend

For the third day in a row the e-mini is finding support at the S1 weekly pivot:

















Chart courtesy of CIT for TradingView

A break below that level or above the CIT Cloud at 2757 will determine whether the March 13th daily sell signal remains in effect or not.

Thursday, March 15, 2018

SPX Pattern and Trend

E-mini stuck all day between pivot support (S1) and resistance (R1):


















Chart courtesy of CIT for TradingView

Shouldn't come as a surprise, though, with neutral market breadth readings:


Wednesday, March 14, 2018

Friday, March 09, 2018

SPX Pattern and Trend

The e-mini is fast approaching our weekly 2770 target:






















Chart courtesy of CIT Toolbox for TradingView

Next resistance @ 2788.

Thursday, March 08, 2018

SPX Pattern and Trend

The e-mini is hanging just above the CIT Cloud:

























Chart courtesy of CIT Toolbox for TradingView

First upside target @ 2770, Cloud Support @ 2713, 1 x 1  Angle support @ 2690.

Saturday, March 03, 2018

DJIA Crash Pattern

From a historical perspective, short-term corrections have lasted less than 250 days with an average decline of 22%:
















A 22% decline gives a 20750 target for the DJIA.

Friday, March 02, 2018

DJIA Crash Pattern

Putting the last two crashes in perspective:


SPX Buying Pressure

Buying pressure has been declining noticeably since the end of January:



Friday, February 23, 2018

Thursday, February 22, 2018

USD v G10

The USD seems to be following a very symmetrical weekly pattern v. the G10 currencies, which may hold important clues about its future movement against this particular basket of currencies:

















Notice the double top at the beginning and end of 2016, and the double bottom in 2015 and in 2017-18.

Wednesday, February 21, 2018

SPX Pattern and Trend

After getting ahead of itself, market breadth is retreating within its normal range:


Wednesday, February 14, 2018

SPX Pattern and Trend

From oversold to overbought in 4 short days:


















Similar action was last seen in August '17.
Then, in textbook fashion, the indices stalled for a few days at the 50% retracement of the previous leg down.













Market breadth is also gaining strength:
















Monday, February 12, 2018

SPX Pattern and Sentiment

Weekly sentiment has collapsed completely:









consistent with previous market turning points.

Thursday, February 08, 2018

DJIA Declines

Now that the DJIA has dropped more than 10% (red square), it's time to look at previous declines of bear magnitude and their duration:
















Most declines are 50% or less, and last less than 800 days.

Tuesday, February 06, 2018

SPX Pattern and Trend

Support held and old support @ 2765 becomes resistance:












Market breadth is slowly moving up from oversold levels:


Monday, February 05, 2018

SPX Pattern and Trend

The index closed right on weekly channel support, and between daily angle and square support:












Angle support @ 2655, lower support @ 2555.
Market breadth has deteriorated to levels not seen since 2016:


Sunday, February 04, 2018

SPX Pattern and Trend

Angles and squares identify the following weekly support/resistance levels:












First resistance @ 2795
Support @ 2660

Daily market breadth is getting oversold:


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

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