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

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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