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

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:

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.