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

Friday, February 23, 2018

SPX Sentiment

Bullish sentiment has a long way to recover:


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:


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