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

Thursday, May 31, 2018

SPX and Pivots

The 4h chart highlights the reaction of price to the weekly pivots and angles:

Wednesday, May 30, 2018

Tuesday, May 29, 2018

USDCHF Targets and Trend

And the winner is USDCHF which tested both the weekly upside and downside targets in a single day:

Thursday, May 24, 2018

SPX Trading Range

Lack of bullish or bearish conviction leads to a two week long narrow range bound price action:

Wednesday, May 23, 2018

SPX Pattern and Trend

As expected, the futures never made it to 2740, and were even unable to close above 2733:

The next key support numbers are 2700 and S2 at 2694.

Monday, May 21, 2018

SPX Trend and Resistance

The next key resistance level is 2740 which the e-mini may have trouble even reaching today:

The weekly Pivot line is at 2733: bullish above, bearish below.
For the longer-term picture look here.

Friday, May 18, 2018

SPX Pivots

The futures have been testing S1 support all week long:

First resistance at 2717.

In a day or two market breadth will reach oversold levels:

Tuesday, May 15, 2018

SPX Long Term View

The long-term view reveals a well defined three waves structure:

Monday, May 14, 2018

Sunday, May 13, 2018

Dollar Index Pattern and Trend

The DXY is sitting on triple support:

with resistance at 94 and 95.15:

Lower support at 91.8 and 91.3.

Saturday, May 12, 2018

SPX Trend, Support and Resistance

In classic TA fashion, what was resistance became support:

Next resistance level: 2737.
Channel target: 2770

Thursday, May 10, 2018

Wednesday, May 09, 2018

SPX Pattern and Trend

The high came in at 2700.1:

and there's a whole cluster of resistance levels between 2700 and 2720.

The Pattern Osc. is reaching overbought levels:

SPX Support and Resistance

Assuming the breakout above the 50 dma and the April 30th high at 2682 sticks, next upside target levels and resistance at 2700 and 2720:

Monday, May 07, 2018

Sunday, May 06, 2018

SPX Pattern and Trend

The e-mini finished the week at an important inflection point, at the crossroads of a bullish and bearish channel:

Friday, May 04, 2018

SPX Trend and Resistance

After a swing gain of 22+ points, the e-mini is closing in on an area of heavy resistance:

Thursday, May 03, 2018

Wednesday, May 02, 2018

$SPX Pattern and Trend

More bad news for the SPX, as it dropped below the monthly pivot, and out of the uptrend channel:

First support at 2624.

Tuesday, May 01, 2018

SPX Monthly Pivot

After being rejected at resistance at the end of April, the futures are starting May on the edge, just above the monthly pivot:

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