tag:blogger.com,1999:blog-341568292024-03-14T22:05:20.255-04:00SPX CIT DatesCycle and technical analysis used to identify future Change in Trend (CIT) dates for the SPX and the major indices.OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comBlogger3719125tag:blogger.com,1999:blog-34156829.post-20703654175957771672024-03-14T22:00:00.005-04:002024-03-14T22:04:47.682-04:00SPX Rinse and Repeat<p> No surprises, as the SPX continues repeating the same pattern over and over again:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVilV2z-HM89-JZ1zLgxLOdeEUNCqgkQ5CKBMeZx8O0kj4cD7ReRYYUR_AEi629iG2uupxIs0cpTfq3X1-9eVRpq9fFq4YyJE7OQo9SzMqcPnOKG-iYko8uQ_elIBQiKA7L2cejMWOFdX41DUz0d7kTTlCKr9GE4H-XthebLW3MowJQjZHZ3Rl/s1983/ScreenHunter%201391.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="779" data-original-width="1983" height="158" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVilV2z-HM89-JZ1zLgxLOdeEUNCqgkQ5CKBMeZx8O0kj4cD7ReRYYUR_AEi629iG2uupxIs0cpTfq3X1-9eVRpq9fFq4YyJE7OQo9SzMqcPnOKG-iYko8uQ_elIBQiKA7L2cejMWOFdX41DUz0d7kTTlCKr9GE4H-XthebLW3MowJQjZHZ3Rl/w400-h158/ScreenHunter%201391.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>The pull-backs keep market breadth from getting overbought while the SPX zig-zags higher:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR0EklrT2LMjkOIgWYoLtRJ7HkVTKocXrHnIQdOQVZ8M7NfqSuj7ffjWT0YkqGLg7iVYMBTg9Z1_Ee70t56CQpNE4R6LP0eFQz9qbIAfPDbd-pvDs9_lgC7CPj4_WZbDIa8hQ1T5VD-HTXixEN570g8Gl_yUhIph8eu0yBY-b9xJQslG8ggVP-/s1608/ScreenHunter%201392.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="679" data-original-width="1608" height="169" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR0EklrT2LMjkOIgWYoLtRJ7HkVTKocXrHnIQdOQVZ8M7NfqSuj7ffjWT0YkqGLg7iVYMBTg9Z1_Ee70t56CQpNE4R6LP0eFQz9qbIAfPDbd-pvDs9_lgC7CPj4_WZbDIa8hQ1T5VD-HTXixEN570g8Gl_yUhIph8eu0yBY-b9xJQslG8ggVP-/w400-h169/ScreenHunter%201392.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-45214330959904063302024-03-12T17:33:00.000-04:002024-03-12T17:33:08.078-04:00SPX Pattern and Trend Continuation<p> No changes in SPX pattern and trend:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXkjZpys8YTOrc6IG0zDYoZb2j2UnuK9cPYSubcQjQQlzZ6ha5g-1Fglpf3KX3k6XNXt1rphx15SRLLWK6CjNaBXxYo8quwTZ9qC9sbWI1MJKz_RPsMGVT-v20g8vqNi1k4WuHa3A851J5pZM4xhvHAM6NuRgsph3pLtQg4A_zhmv7utrgW4Oe/s1839/ScreenHunter%201390.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="682" data-original-width="1839" height="149" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiXkjZpys8YTOrc6IG0zDYoZb2j2UnuK9cPYSubcQjQQlzZ6ha5g-1Fglpf3KX3k6XNXt1rphx15SRLLWK6CjNaBXxYo8quwTZ9qC9sbWI1MJKz_RPsMGVT-v20g8vqNi1k4WuHa3A851J5pZM4xhvHAM6NuRgsph3pLtQg4A_zhmv7utrgW4Oe/w400-h149/ScreenHunter%201390.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>bouncing between the weekly Pivot line and the upside target, keeping the trend up.</p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-7247058706289796162024-03-09T23:15:00.001-05:002024-03-09T23:31:36.512-05:00SPX Weekly Targets<p> The SPX remained true to the pattern of bouncing between the weekly Pivot line and the upside target:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiusqPl9MAptmrkG5RqDvo_8HVsGKy1pflNNRxpwBIMA8Wk9e_c_ZcmvKWcUyYTkd3zBRpV-ipE5WMjmFzw3wlsZAOYH0kT-bcim19MEszENT-ef-7syRGsARn8E5wU2oZv52rQq1YHvKsVVe300sVZHtLgNUDIBO9hPHv3FY5o1FlG0YpmxlUp/s2309/ScreenHunter%201387.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="791" data-original-width="2309" height="138" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiusqPl9MAptmrkG5RqDvo_8HVsGKy1pflNNRxpwBIMA8Wk9e_c_ZcmvKWcUyYTkd3zBRpV-ipE5WMjmFzw3wlsZAOYH0kT-bcim19MEszENT-ef-7syRGsARn8E5wU2oZv52rQq1YHvKsVVe300sVZHtLgNUDIBO9hPHv3FY5o1FlG0YpmxlUp/w400-h138/ScreenHunter%201387.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>and the trend remains up in all three (D,W,M) time frames:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1p2dkez88IUmBVOoT9054Db9xMF5JO7GK1UsZHex9JERWXe05HWdpe3HHb3Y05zfRuyzfPKv17QSuTIWP7zTsnwUyQB0af1nwWu8bB_gNq20T4uz_RmiHWP6GkeVZLhUBu3LS7SEN51uvK8v-B0Xd8soCBB4b-cwdnqaCgm03-3RdoCVnMNnL/s1670/ScreenHunter%201389.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="747" data-original-width="1670" height="179" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi1p2dkez88IUmBVOoT9054Db9xMF5JO7GK1UsZHex9JERWXe05HWdpe3HHb3Y05zfRuyzfPKv17QSuTIWP7zTsnwUyQB0af1nwWu8bB_gNq20T4uz_RmiHWP6GkeVZLhUBu3LS7SEN51uvK8v-B0Xd8soCBB4b-cwdnqaCgm03-3RdoCVnMNnL/w400-h179/ScreenHunter%201389.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Weekly targets: 5000 - 5200, Pivot line at 5100.</p><p>At the current rate, daily market breadth will need 5 days to get oversold, and 2 days to get overbought.</p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-18151976471006177832024-03-07T03:15:00.004-05:002024-03-07T03:15:46.603-05:00SPX Pattern and Trend<p> The SPX remains above the trendline:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5t1bqQUsvUMQcu4TmzUWS7iwo1QCgz5XH9bNWsehC7MX8u1y3VZ66_sWFI_xL05GWrTrEyGgfjQMaP87RNRQqfYCS1sJcSlvKZ5jmbPCESinBlgEsIEWlapTYM19ChPlI1L_SmXVz3PSuSgh9HzLGqh3WW6nkr9l8JXyoD2kV4hn9paEUBZTz/s1539/ScreenHunter%201385.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="723" data-original-width="1539" height="188" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg5t1bqQUsvUMQcu4TmzUWS7iwo1QCgz5XH9bNWsehC7MX8u1y3VZ66_sWFI_xL05GWrTrEyGgfjQMaP87RNRQqfYCS1sJcSlvKZ5jmbPCESinBlgEsIEWlapTYM19ChPlI1L_SmXVz3PSuSgh9HzLGqh3WW6nkr9l8JXyoD2kV4hn9paEUBZTz/w400-h188/ScreenHunter%201385.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>while repeating the pattern of testing the weekly Pivot line:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCCZn3kU-s2Oi7Pz0H3N-3Dtzp2CvBREP7TqIs6dqZ6j8PPR0_z8Ht5tGU-JefhdobOC0o0D-afPfe3Unl8D98WIKanYob9jbFF5E3HJt3qKMdObcCsVaKZrWB-yuClZpCz71uY9Oe2W726q_Rzjg8Q0MJSYHnPYS-Ly_9aVWXti-a5Ctjs-wk/s2399/ScreenHunter%201386.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="661" data-original-width="2399" height="110" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgCCZn3kU-s2Oi7Pz0H3N-3Dtzp2CvBREP7TqIs6dqZ6j8PPR0_z8Ht5tGU-JefhdobOC0o0D-afPfe3Unl8D98WIKanYob9jbFF5E3HJt3qKMdObcCsVaKZrWB-yuClZpCz71uY9Oe2W726q_Rzjg8Q0MJSYHnPYS-Ly_9aVWXti-a5Ctjs-wk/w400-h110/ScreenHunter%201386.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-64422677964215786622024-02-22T02:20:00.002-05:002024-02-22T02:20:19.484-05:00SPX Pattern and Targets<p> For the second week in a row the SPX is bouncing off the Pivot line and Trendline support, and aiming for the upside target:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2_HmOYZ0XSFJmJ2D8dJ0xVBrYq8oQVOlS7TnrAr9l1mURinqsixbATCn2beuzNZlru9bBNWBfs1ElnnnpqeCxTDwlB1nfkt9cyoogXhN_zhIOB0TLHpLZNqTHiuooJ58zjb8UXlu4-xw0Id6PnzBPg5OO6sv1Stqo5lzZ2FR0O-6HjqH61ypD/s1508/ScreenHunter%201381.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="874" data-original-width="1508" height="231" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh2_HmOYZ0XSFJmJ2D8dJ0xVBrYq8oQVOlS7TnrAr9l1mURinqsixbATCn2beuzNZlru9bBNWBfs1ElnnnpqeCxTDwlB1nfkt9cyoogXhN_zhIOB0TLHpLZNqTHiuooJ58zjb8UXlu4-xw0Id6PnzBPg5OO6sv1Stqo5lzZ2FR0O-6HjqH61ypD/w400-h231/ScreenHunter%201381.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-34863879180145921042024-02-17T23:08:00.007-05:002024-02-20T12:09:38.471-05:00SPX and Market BreadthThe SPX remains in an uptrend:<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt2IQpDkoZj9E7CX15vkIorxFOuUQk7oVldyaFtD7a_MOpJNd6abVUfilbl0nPs-HsqSUmVkm3lbKdGIe1GlVCY2rArOBmwGWFhUSP_Rln3L94sdIUDpQ3tknx27MKSbqj6ed9m4eyuoCxlhHidYHPND83mU_553qF-F0hyphenhypheneZBdR8jPTmH7Mpq/s1360/ScreenHunter%201377.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt2IQpDkoZj9E7CX15vkIorxFOuUQk7oVldyaFtD7a_MOpJNd6abVUfilbl0nPs-HsqSUmVkm3lbKdGIe1GlVCY2rArOBmwGWFhUSP_Rln3L94sdIUDpQ3tknx27MKSbqj6ed9m4eyuoCxlhHidYHPND83mU_553qF-F0hyphenhypheneZBdR8jPTmH7Mpq/w400-h133/ScreenHunter%201377.png" /></a><br /> <br />despite the fact that breadth has been diverging from price since January 2024:<div><br /><div><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMqb7YjwtZBsma3rAFVjLK4W-T-2HzH1vQ-jKPczUj_Mcr8FwHcPyXlRVuMAEuc8nWIzOd77b6ZeQMytX7IZmWlPW-gArEmdY0NWS2v9aL2OHRiljYVFcO21N9jYjsfzr9kgu-kkFWJJaXpE9u_tZq6udSggz75LTic2GesgxVW1oKQEUJ2u7/s1166/ScreenHunter%201376.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZMqb7YjwtZBsma3rAFVjLK4W-T-2HzH1vQ-jKPczUj_Mcr8FwHcPyXlRVuMAEuc8nWIzOd77b6ZeQMytX7IZmWlPW-gArEmdY0NWS2v9aL2OHRiljYVFcO21N9jYjsfzr9kgu-kkFWJJaXpE9u_tZq6udSggz75LTic2GesgxVW1oKQEUJ2u7/w400-h241/ScreenHunter%201376.png" /></a><p>The weekly targets remain unchanged from last week: 4850 and 5075, Pivot line at 4950.</p><p>Trendline support at 4975, resistance at 5050.</p></div></div>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-14272559964621494752024-01-27T23:11:00.002-05:002024-01-27T23:20:17.698-05:00SPX Pattern and Trend<p> SPX remained in an uptrend and finished the week on the intraday support line:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZ1Lzl2-ScHEYlBbhPYZDJLU8XTUJncMKJMYJQk4CN2nXuuZL8RJ69PC-mVSwOdfcVJZm91jzFK6zAdPmYkDQd_A_qg2cGtPWAGcJUmRNux4vPVQTDwIidmC_peGFItbkSfYi0TxC3yE8F3L4tBjlzsVBPNa9b-v7yBXAFeZB4bsL3x9KRI06J/s1133/ScreenHunter%201373.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="637" data-original-width="1133" height="225" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjZ1Lzl2-ScHEYlBbhPYZDJLU8XTUJncMKJMYJQk4CN2nXuuZL8RJ69PC-mVSwOdfcVJZm91jzFK6zAdPmYkDQd_A_qg2cGtPWAGcJUmRNux4vPVQTDwIidmC_peGFItbkSfYi0TxC3yE8F3L4tBjlzsVBPNa9b-v7yBXAFeZB4bsL3x9KRI06J/w400-h225/ScreenHunter%201373.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>The weekly targets for next week are 4950 and 4750, Pivot line at 4850.</p><p>The daily pattern indicator started declining and needs two days to reach oversold levels:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_th81UGPVBInnZQnra_aGPiAaFbZSHNrD9GJzEWwq4HpaJ6-rUoUf_NafQw1ZP78XAIoui28BSel7lnPoNAkCOG5NPDBqcL9YsofqpFShqz77NMJ3oKCkdkX8z5nhRltkZwxY5yXh12wUd0-Nt4P-BzbihqJViEvOUQqkGVbZDcpcZtRD3wJk/s1385/ScreenHunter%201375.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="506" data-original-width="1385" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi_th81UGPVBInnZQnra_aGPiAaFbZSHNrD9GJzEWwq4HpaJ6-rUoUf_NafQw1ZP78XAIoui28BSel7lnPoNAkCOG5NPDBqcL9YsofqpFShqz77NMJ3oKCkdkX8z5nhRltkZwxY5yXh12wUd0-Nt4P-BzbihqJViEvOUQqkGVbZDcpcZtRD3wJk/w400-h146/ScreenHunter%201375.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>while the weekly remains in an uptrend.</p><p>The Composite indicator remains neutral:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVXcz7Gx2zK9uazcyrZsPNxmJxuwgwztcQV53rvzinyHMdSi2fJQehr-QhvTxSGzEVgPoTIy_EXIeeiDyph0Sy5gsBYeWbO-dxa6oBqL5iXQaP2apHbf2piFBi-FvmVq7bu7bDB8KV9SQIHNSSktQHOVNPU0jwTwSCFbhj4A4VMhLytsPSdMiO/s1607/ScreenHunter%201374.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="593" data-original-width="1607" height="148" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhVXcz7Gx2zK9uazcyrZsPNxmJxuwgwztcQV53rvzinyHMdSi2fJQehr-QhvTxSGzEVgPoTIy_EXIeeiDyph0Sy5gsBYeWbO-dxa6oBqL5iXQaP2apHbf2piFBi-FvmVq7bu7bDB8KV9SQIHNSSktQHOVNPU0jwTwSCFbhj4A4VMhLytsPSdMiO/w400-h148/ScreenHunter%201374.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-27984467759899589902024-01-21T05:54:00.005-05:002024-01-21T15:02:20.039-05:00SPX Weekly Targets<p> SPX finished the week at the upside weekly target and triggered an overbought alert:<br /><br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1HPEgE-ppao7yjL58gFPJA3e-OXYdDFmsIJoP5-i0RMmUlkXCL9cfk-dZYlORlsEX7bqVEZINsEjut9GZCRZZYqTikkIbLaJ7-UeYEkcAy_j8hyphenhyphenkatvevTcDNXuaPfLdbiFfboM0xeUwGrKcW0NknOYZMjh6MRc9lsZM_vFpMMhkmvv-CHiCo/s920/ScreenHunter%201371.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh1HPEgE-ppao7yjL58gFPJA3e-OXYdDFmsIJoP5-i0RMmUlkXCL9cfk-dZYlORlsEX7bqVEZINsEjut9GZCRZZYqTikkIbLaJ7-UeYEkcAy_j8hyphenhyphenkatvevTcDNXuaPfLdbiFfboM0xeUwGrKcW0NknOYZMjh6MRc9lsZM_vFpMMhkmvv-CHiCo/w400-h305/ScreenHunter%201371.png" /></a><br />Next week's upside target is 4900, downside target - 4700, pivot line at 4800.</p><p>The Composite oscillator remains neutral:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjljSyZinfLi1L344lBxcFGK9P-I_HbhzB9G-u3mA_mOfdEhc44BNC4TnOvFWH-U7tn0s-iyDttZXM4oBfJzMage5t3EHUfxpq68Oamx3fhJgfYPFbRjuZ8ktYFB9xRHOuzy-6jns2SV7VZCNEHcH9jUcQEZyT0g4_V6n7fnnpLI1X0wcY0N10f/s1668/ScreenHunter%201372.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="599" data-original-width="1668" height="144" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjljSyZinfLi1L344lBxcFGK9P-I_HbhzB9G-u3mA_mOfdEhc44BNC4TnOvFWH-U7tn0s-iyDttZXM4oBfJzMage5t3EHUfxpq68Oamx3fhJgfYPFbRjuZ8ktYFB9xRHOuzy-6jns2SV7VZCNEHcH9jUcQEZyT0g4_V6n7fnnpLI1X0wcY0N10f/w400-h144/ScreenHunter%201372.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-28803186700265605822024-01-08T18:48:00.008-05:002024-01-08T18:59:24.499-05:00SPX Technical Score<p> We are introducing a new Technical Score tracker for the SPX at the bottom of the <a href="https://mktinternals.blogspot.com/">Market Breadth site.</a></p><p>The new daily indicator complements market breadth and is aimed at identifying extreme technical score readings preceding exhaustion and reversal points:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdo7nhkxOWv_qZADADLnk0m4Wgz75499nj-e3rVpZsD5AYgGfA_rA79x42dTlyuLiuluBQIj00xEtaKDza4BV3ikIp2-DwQfo0to7ESJeiqs9wDeNBL70jr9unynNZnE28z1EpWVwQpEcfNwu38cNDx8sN4HVOUWV-L2RgnhqRAw9YrBUs8lk3/s994/ScreenHunter%201370.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="594" data-original-width="994" height="239" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdo7nhkxOWv_qZADADLnk0m4Wgz75499nj-e3rVpZsD5AYgGfA_rA79x42dTlyuLiuluBQIj00xEtaKDza4BV3ikIp2-DwQfo0to7ESJeiqs9wDeNBL70jr9unynNZnE28z1EpWVwQpEcfNwu38cNDx8sN4HVOUWV-L2RgnhqRAw9YrBUs8lk3/w400-h239/ScreenHunter%201370.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-73493407036528008482024-01-04T02:04:00.002-05:002024-01-04T02:04:10.108-05:00SPX Update<p> SPX starting 2024 with oversold daily readings:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5EBLtyM4yMXm50WWOBZcuxu17qyfz4RAph9MR6Y0qn6Tei5960QE2d-8cllbWRJ_o6zWYpsB9e_gEiqYXaUFK2Cn-aCZLr_uOIdLAjZBgsU9kCw_vDtTZ1zpDv7PRCVE8D8mW455-DVec27mRzPy1XT8o1pHXfdWugQ8OX2rvCAAH8HfiLe9N/s1037/ScreenHunter%201369.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="594" data-original-width="1037" height="229" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj5EBLtyM4yMXm50WWOBZcuxu17qyfz4RAph9MR6Y0qn6Tei5960QE2d-8cllbWRJ_o6zWYpsB9e_gEiqYXaUFK2Cn-aCZLr_uOIdLAjZBgsU9kCw_vDtTZ1zpDv7PRCVE8D8mW455-DVec27mRzPy1XT8o1pHXfdWugQ8OX2rvCAAH8HfiLe9N/w400-h229/ScreenHunter%201369.png" width="400" /></a></div><br /><p><br /></p><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-40960549417947489842023-12-18T20:23:00.007-05:002023-12-20T17:32:58.876-05:00SPX 2024 Targets<p> The SPX remains above the bullish 1 x 1 daily angle as it tackles the last resistance zone for 2023:</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghG3Xbp22UpbAx_e8N1t62JyZQre5v6_6Xyz9OJHKka3gmit0RnX36UjZj2iWlCJjjIzNX2ncN9HkitbxFB4qWej3YwXN437OdNj5v4YGpjtScCnkXuZRyqR0KM9V0HCB8AxMv0sPg0yTVKK2YdSeoH8PHP7jVi1nKBukYnDopBNzW-lXLxTp9/s913/ScreenHunter%201366.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="622" data-original-width="913" height="272" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEghG3Xbp22UpbAx_e8N1t62JyZQre5v6_6Xyz9OJHKka3gmit0RnX36UjZj2iWlCJjjIzNX2ncN9HkitbxFB4qWej3YwXN437OdNj5v4YGpjtScCnkXuZRyqR0KM9V0HCB8AxMv0sPg0yTVKK2YdSeoH8PHP7jVi1nKBukYnDopBNzW-lXLxTp9/w400-h272/ScreenHunter%201366.png" width="400" /></a></div><br /> <br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />The 2024 targets are 3700 and 5420, Pivot line at 4400:<div><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHLv0A-tfueSsQnoIiyWvBenGwv-47D5fVMYLtGWDfbtXcfWjmxgrxJgOgqTvw2s-iosza1EEqiTWCNMpVCGAqn6z8Kg_sLVcCTcIb9mcUgFvPo3v1nFEHrzJ7ugPTbhyphenhyphent0T5hwhEW-nswCg_yKe5Pofbc34U6YGrDN_1KCUyZghWvVhPOhiY4/s1313/ScreenHunter%201367.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgHLv0A-tfueSsQnoIiyWvBenGwv-47D5fVMYLtGWDfbtXcfWjmxgrxJgOgqTvw2s-iosza1EEqiTWCNMpVCGAqn6z8Kg_sLVcCTcIb9mcUgFvPo3v1nFEHrzJ7ugPTbhyphenhyphent0T5hwhEW-nswCg_yKe5Pofbc34U6YGrDN_1KCUyZghWvVhPOhiY4/w400-h179/ScreenHunter%201367.png" /></a><br /><br /><br /></div>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-20038714291991519892023-12-10T01:37:00.003-05:002023-12-10T01:37:41.655-05:00SPX Weekly Targets<p>The futures finished the week at an important inflection point after the SPX bounced off support and the bearish 1 x 1 angle mid-week, and now seems determined to challenge the July 27th high:</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmpHisIGVm_4QSeUiiaPCT_P34jIh5w79-78e4_X_vUP60CBS68qk77Az1k_Sb9u4ECAlnFuQJi51tdRUSVK0bJ8thA3m4YX8xwDPnqqx_WwpeS4D_7pLeg7Qd55pejUAjfR_rM5YVxxfnwYxqlsx-tJI33M0uPFhDK0qB5W7L_pHyqAAm8l0v/s973/ScreenHunter%201364.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="973" data-original-width="851" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhmpHisIGVm_4QSeUiiaPCT_P34jIh5w79-78e4_X_vUP60CBS68qk77Az1k_Sb9u4ECAlnFuQJi51tdRUSVK0bJ8thA3m4YX8xwDPnqqx_WwpeS4D_7pLeg7Qd55pejUAjfR_rM5YVxxfnwYxqlsx-tJI33M0uPFhDK0qB5W7L_pHyqAAm8l0v/w350-h400/ScreenHunter%201364.png" width="350" /></a></div><br /> <p></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>However, market internals continue weakening, and next week is most bearish from a seasonal point of view.</p><p>Weekly targets: 4475 - 6475, pivot line at 4565:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAAoN6WEqgBaQ2hcqjUijef-l5Nc0nAl_F5D4uPF9C582ah4seA7iggBRkQlN9jvJIoFO1jWVTVre8DhwKndaAfRqW3YNiFd5Cu_gauxONGFHeXzPVAyU-YFCFG7SHWwqGrWfPgI7voLvh1U6qjeeD2BM2CURXgKysCXZ1iN6J0y8oGxRzO060/s800/ScreenHunter%201365.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="657" data-original-width="800" height="329" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhAAoN6WEqgBaQ2hcqjUijef-l5Nc0nAl_F5D4uPF9C582ah4seA7iggBRkQlN9jvJIoFO1jWVTVre8DhwKndaAfRqW3YNiFd5Cu_gauxONGFHeXzPVAyU-YFCFG7SHWwqGrWfPgI7voLvh1U6qjeeD2BM2CURXgKysCXZ1iN6J0y8oGxRzO060/w400-h329/ScreenHunter%201365.png" width="400" /></a></div><br /><p><br /></p><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-80190604696919839022023-12-01T21:22:00.003-05:002023-12-01T21:25:33.239-05:00SPX Weekly Targets<p>The SPX continues hugging the 1 x 1 Angle and the upside weekly targets:</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilfKw6M9WSnTYyDNsw3SWQFfwG2BWyqZiyNPokg7ZjbLmwrSW3nR6Zgn-zLtQXwWrANpLej26ZWyFM93gnWBSFGI0dFdLhAtY7YhuJH4Ya7j191yJ3cLWxGWR_DRsBqTO4taPObDilsJE3zqVQI0aWplDOW5mD_o5ICh8Nd2u9VBWWomLDmOyl/s1139/ScreenHunter%201362.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="522" data-original-width="1139" height="184" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEilfKw6M9WSnTYyDNsw3SWQFfwG2BWyqZiyNPokg7ZjbLmwrSW3nR6Zgn-zLtQXwWrANpLej26ZWyFM93gnWBSFGI0dFdLhAtY7YhuJH4Ya7j191yJ3cLWxGWR_DRsBqTO4taPObDilsJE3zqVQI0aWplDOW5mD_o5ICh8Nd2u9VBWWomLDmOyl/w400-h184/ScreenHunter%201362.png" width="400" /></a></div><div><br /> <br /><br /><br /><br /><br /><br /><br /><br /><br /><br />It is also closing in on our upside target for 2023:<br /><br /><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjT__yOIRxWUTXGatBOC9-jG7_Vcqg6kjDxY5BfDdFztFq_J2GUEgmnwY09D7Y7IXcL9H22hRLviXQYMYYmk2gWBQOaLjj3aWkrzuatILqsZbhoUQqc5CQHdT2nep4pml2F4g1lYjs-ox6uWgh_ETOaRf_v2asrhaC2pGGE0eXs_6uZn8gFiLn4/s1190/ScreenHunter%201363.png"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjT__yOIRxWUTXGatBOC9-jG7_Vcqg6kjDxY5BfDdFztFq_J2GUEgmnwY09D7Y7IXcL9H22hRLviXQYMYYmk2gWBQOaLjj3aWkrzuatILqsZbhoUQqc5CQHdT2nep4pml2F4g1lYjs-ox6uWgh_ETOaRf_v2asrhaC2pGGE0eXs_6uZn8gFiLn4/w400-h245/ScreenHunter%201363.png" /></a><br /><br /><br /><p>For those waiting for a pullback, seasonality wise, the next two weeks provide the best opportunity before the traditionally strong end of December.</p></div>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-45136627036974280812023-11-28T20:23:00.000-05:002023-11-28T20:23:27.829-05:00SPX Decision Time<p> SPX closed right on the 1 x 1 angle:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiERFirBQYUWIEIzywdmnZpeTQfVgkqe84x4eNaNdtohVvkTKk_uuSZep5MkUeMBRBYzi0BXYIQSy3rxVG6n3176a1X5EY8b2J5ZfFoZPLuDOHqkgJ4UgOfcevUHuUC_k2n0bpWjZ3OW5ONoqMSBMNPfxUDqxe4Wot4cE4exvb3ii5koifnhVF/s1121/ScreenHunter%201361.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="902" data-original-width="1121" height="321" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjiERFirBQYUWIEIzywdmnZpeTQfVgkqe84x4eNaNdtohVvkTKk_uuSZep5MkUeMBRBYzi0BXYIQSy3rxVG6n3176a1X5EY8b2J5ZfFoZPLuDOHqkgJ4UgOfcevUHuUC_k2n0bpWjZ3OW5ONoqMSBMNPfxUDqxe4Wot4cE4exvb3ii5koifnhVF/w400-h321/ScreenHunter%201361.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>To remain in a strong position, it needs to keep up with that angle.</p><p>The red dotted line shows the bearish 1 x 1 angle.</p><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-62835545731091325032023-11-25T17:23:00.000-05:002023-11-25T17:23:08.420-05:00SPX Pattern and Trend<p> SPX momentum stalled as expected, and the futures remain trapped between two significant support/resistance zones:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit9sn4b4pdvgj2cp9JM_dyXlInZPY3iGJ1OJy1i6A9v-BdTzzmzJ5nMewN1A8k5DJS8Lq6q80LFU6eNTcZVDFXiX2frCd0MltyCtGRp5hxLXo7zOroarIVAthHujbM4O164JQUx6uRoNLq-HItdwwNKRMAs14pN60K2-bF3SBM3llHKJr376SL/s927/ScreenHunter%201359.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="574" data-original-width="927" height="248" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEit9sn4b4pdvgj2cp9JM_dyXlInZPY3iGJ1OJy1i6A9v-BdTzzmzJ5nMewN1A8k5DJS8Lq6q80LFU6eNTcZVDFXiX2frCd0MltyCtGRp5hxLXo7zOroarIVAthHujbM4O164JQUx6uRoNLq-HItdwwNKRMAs14pN60K2-bF3SBM3llHKJr376SL/w400-h248/ScreenHunter%201359.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>While the daily Pattern oscillator is projected to get oversold in a few days, the weekly remains overbought, which doesn't favor a break above 4600:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgRTRMfLVG4mmtCSRLsJbvj3eJi5yTQnrOhMwRFpGGY2oXKZlM4VARpxHnKRb0Hous1_luKo63iXxC0-yIvP6ZeIJsf6dzxnnIEaC4iN67fXt7i2uajdSNS9CniThkXy9hhkX3GFNwmzTovEmLQOddjTqOVmfcl1K0fnrneUikU6_UlahZrGid/s1430/ScreenHunter%201358.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1036" data-original-width="1430" height="290" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjgRTRMfLVG4mmtCSRLsJbvj3eJi5yTQnrOhMwRFpGGY2oXKZlM4VARpxHnKRb0Hous1_luKo63iXxC0-yIvP6ZeIJsf6dzxnnIEaC4iN67fXt7i2uajdSNS9CniThkXy9hhkX3GFNwmzTovEmLQOddjTqOVmfcl1K0fnrneUikU6_UlahZrGid/w400-h290/ScreenHunter%201358.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-82656626942480874692023-11-18T00:34:00.003-05:002023-11-25T17:27:59.975-05:00SPX Weekly Outlook<p> SPX reached the second resistance zone and remains in a bullish uptrend trading above the 1 x 1 Angle:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-HtegFJqRgRPb38r9Tyk6loVQ1mCxab3MiOi4VZ8FsxoYY5UJ8s8iWAcjma0X4TjGrYvcDXAn89R-m3fnpfeoEZXv_UXe49D8zSC4GtfG3zrNE9_Lw0tXFL980lR56QdeeinP74rRuVwWq5B7yyVzZ7W3jB1fZjI8iNp5J65OIAIC42D2qXMM/s597/ScreenHunter%201354.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="538" data-original-width="597" height="360" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj-HtegFJqRgRPb38r9Tyk6loVQ1mCxab3MiOi4VZ8FsxoYY5UJ8s8iWAcjma0X4TjGrYvcDXAn89R-m3fnpfeoEZXv_UXe49D8zSC4GtfG3zrNE9_Lw0tXFL980lR56QdeeinP74rRuVwWq5B7yyVzZ7W3jB1fZjI8iNp5J65OIAIC42D2qXMM/w400-h360/ScreenHunter%201354.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Unlike last week, however, both the daily and weekly oscillators have reached overbought levels, which suggests that it will get harder to keep the bullish momentum going:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEir6EDMV3iAofIXPfkEBwERbm-izpPztObOonhvC5S-2ZmsW93iLgtbkG76u2p-4P5Q7mBeyf2jc9T_pE68YJ4EuDCOAwpqByODTMOKMch-W2zkMdQ7akeJVq3u0cPHOZzInpAxh8XLX7pam_tU3W8DCogBDjm8fKmKaCGhDofOrCuHOj0JZgYc/s1434/ScreenHunter%201356.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1031" data-original-width="1434" height="288" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEir6EDMV3iAofIXPfkEBwERbm-izpPztObOonhvC5S-2ZmsW93iLgtbkG76u2p-4P5Q7mBeyf2jc9T_pE68YJ4EuDCOAwpqByODTMOKMch-W2zkMdQ7akeJVq3u0cPHOZzInpAxh8XLX7pam_tU3W8DCogBDjm8fKmKaCGhDofOrCuHOj0JZgYc/w400-h288/ScreenHunter%201356.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-17815845458638051592023-11-15T23:40:00.003-05:002023-11-17T18:27:17.328-05:00SPX Pattern and Trend<p> The SPX is acting in a way similar to when it approached the first resistance zone a week ago:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtFKfCqXjqhRgLtdPPL7jl69PHgP9A6xVdG9JdG4kMoCjADpc5kxedByAP8euDgkGPx0PeOPB2xMqEA6w_Vdlagq04V_IUHoAlRM1WciwJvK6FCAhybwF8iOhc77hfaXYFBUDJFP5JwGlbASktvE7FIBX24oRlSFhDW0UjqRUZjqYHBcqmzsO_/s888/ScreenHunter%201353.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="565" data-original-width="888" height="255" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgtFKfCqXjqhRgLtdPPL7jl69PHgP9A6xVdG9JdG4kMoCjADpc5kxedByAP8euDgkGPx0PeOPB2xMqEA6w_Vdlagq04V_IUHoAlRM1WciwJvK6FCAhybwF8iOhc77hfaXYFBUDJFP5JwGlbASktvE7FIBX24oRlSFhDW0UjqRUZjqYHBcqmzsO_/w400-h255/ScreenHunter%201353.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>From a purely price perspective, pullbacks which reverse above the 1 x 1 Angle should be bought.</p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-60353488535461228392023-11-11T16:01:00.000-05:002023-11-11T16:01:22.113-05:00SPX Weekly Update<p> The SPX followed the weekly forecast to the tee. The Pattern Oscillator bottomed out in 4 days and the weekly numbers were kept in check:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihtdDVnq6Pc1mXCnL4CNeJWduFEhDhXLRE2H6Sgwtf8C5Q-ofKasPfrKzod9xtPaWypCJ8y5FGSxWmvCn-NaN52LEmVtOJJwvGCWHYxB0Heqi46VnSyr_lSSo5HtkzZbzc1sI-iqq5DkVIgnYrHaEmOyIIWsXPBEqZaw55VGWw_SdhlEf8CXCm/s1541/ScreenHunter%201351.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="502" data-original-width="1541" height="130" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEihtdDVnq6Pc1mXCnL4CNeJWduFEhDhXLRE2H6Sgwtf8C5Q-ofKasPfrKzod9xtPaWypCJ8y5FGSxWmvCn-NaN52LEmVtOJJwvGCWHYxB0Heqi46VnSyr_lSSo5HtkzZbzc1sI-iqq5DkVIgnYrHaEmOyIIWsXPBEqZaw55VGWw_SdhlEf8CXCm/w400-h130/ScreenHunter%201351.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>More importantly, the SPX remained above the 1 x 1 angle, and broke above the first resistance zone:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8lykiGefEQ2aVvXwZ4W5tjrrMhdRZ5QFNkJIz8nIZukKEg8rZhX5rdshhVIJv5hTK1x4ZFeThPJ0ikahRao3DfnCYcg2mvqNvjd-Zp-wwq5r-ahY0neqzjOUqk_Vqtl1LgMdet3jXcXW6nBRnSqrdxR1EiaCS81-ieEFC8zIPvJNPfTSnfvtI/s1611/ScreenHunter%201352.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1048" data-original-width="1611" height="208" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj8lykiGefEQ2aVvXwZ4W5tjrrMhdRZ5QFNkJIz8nIZukKEg8rZhX5rdshhVIJv5hTK1x4ZFeThPJ0ikahRao3DfnCYcg2mvqNvjd-Zp-wwq5r-ahY0neqzjOUqk_Vqtl1LgMdet3jXcXW6nBRnSqrdxR1EiaCS81-ieEFC8zIPvJNPfTSnfvtI/s320/ScreenHunter%201352.png" width="320" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>An oversold Pattern Oscillator should provide enough fuel to challenge the next resistance levels and to keep above the 1 x 1 angle.</p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-65102584035849066702023-11-06T19:21:00.005-05:002023-11-06T22:27:20.007-05:00SPX Pattern and Trend<p> The SPX confirmed expectations and stalled under key resistance zone:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7uVxW5F9UCOCZRlU9sZZQDR3oCI1v-mrMaH5AVYs4WaEyx05zFkquj4L__fAnUuxgZsN9DGQiD-pD56hahHaexQR3VbARBYnq0B-5nWhJ49qFJ3LnCSv_1xX1gOv17dh1FEGer2fFX1yA7uqx5zOws0wcTGKzUNQ8hobZen8OTLs1WngGSHAD/s2117/ScreenHunter%201349.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="586" data-original-width="2117" height="111" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi7uVxW5F9UCOCZRlU9sZZQDR3oCI1v-mrMaH5AVYs4WaEyx05zFkquj4L__fAnUuxgZsN9DGQiD-pD56hahHaexQR3VbARBYnq0B-5nWhJ49qFJ3LnCSv_1xX1gOv17dh1FEGer2fFX1yA7uqx5zOws0wcTGKzUNQ8hobZen8OTLs1WngGSHAD/w400-h111/ScreenHunter%201349.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p>Under present conditions, the daily Pattern oscillator will need 3 - 4 days to reach oversold levels. This should help with keeping weekly numbers in check.</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ9N8G7QWtgnx-KCZElmub2ABjmWahgl0FGJIwImxW_nGEY3ib6Qe6m-NYGIOPPIJPZ9lC86sofZth5aK1xTGKgqCIwUMShkXavAObSzj6jRkKYqmCZqGFqDelzBCGWEU88zFqtrB2x-qEbv8nx-jd8_iftCdd0D9okPxYSDhxnTwgLJeP4L7P/s1425/ScreenHunter%201350.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="494" data-original-width="1425" height="139" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQ9N8G7QWtgnx-KCZElmub2ABjmWahgl0FGJIwImxW_nGEY3ib6Qe6m-NYGIOPPIJPZ9lC86sofZth5aK1xTGKgqCIwUMShkXavAObSzj6jRkKYqmCZqGFqDelzBCGWEU88zFqtrB2x-qEbv8nx-jd8_iftCdd0D9okPxYSDhxnTwgLJeP4L7P/w400-h139/ScreenHunter%201350.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>The weekly outlook remains unchanged.</p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-76297858376376009682023-11-04T00:56:00.008-04:002023-11-04T01:02:58.219-04:00SPX Weekly Update<p> The SPX is closing in on the first key resistance zone:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3-GTZWwRBoEaOyZbkamkxdr0j3-4XXkaN6L1tb5RtdV6-87-gzBvaP1MLAKzEpyAlstUaWVz-eNvv3Okye8weQeERZe_mllCd5NNnHl1iSv0tivNqX5TrzRtCAQTdCCx0-H4ueA0oqO9b-Iw4hVKLAh_vip5dA8dX1h8HagpyWHn9SB6i0jV_/s1476/ScreenHunter%201345.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1126" data-original-width="1476" height="305" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi3-GTZWwRBoEaOyZbkamkxdr0j3-4XXkaN6L1tb5RtdV6-87-gzBvaP1MLAKzEpyAlstUaWVz-eNvv3Okye8weQeERZe_mllCd5NNnHl1iSv0tivNqX5TrzRtCAQTdCCx0-H4ueA0oqO9b-Iw4hVKLAh_vip5dA8dX1h8HagpyWHn9SB6i0jV_/w400-h305/ScreenHunter%201345.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>and everybody has already jumped on the bandwagon:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfGQGLVt-Uytv8U1yYK5rsOZUw451otUlF6Zjc8YDDtFTZ7n5CgLD-v_irYdLfBRBhcUtYDo10fMM4waDV9UY07hL1IKUOH-SX7BU6YPXB_0oLrkoLEU2TUqNxv6e9aM6NpHpXtP6Y1o5KtCMw4fnOgAY6uaZP7FpgTK5VfpHCT11d9vQ80a6E/s1075/ScreenHunter%201347.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="709" data-original-width="1075" height="211" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhfGQGLVt-Uytv8U1yYK5rsOZUw451otUlF6Zjc8YDDtFTZ7n5CgLD-v_irYdLfBRBhcUtYDo10fMM4waDV9UY07hL1IKUOH-SX7BU6YPXB_0oLrkoLEU2TUqNxv6e9aM6NpHpXtP6Y1o5KtCMw4fnOgAY6uaZP7FpgTK5VfpHCT11d9vQ80a6E/s320/ScreenHunter%201347.png" width="320" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>While the daily Pattern oscillator has reached levels not seen since February 2018:</p><p></p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhT-3BHizwkIQUuJleu4PpDBrWNieTRL-GrAd0uSidbQ8AlqKOl7Naqu_0YbM6UEMR74R7JvUY-JapCcArksO5hdxgKUqRiFa2rzEM8rc4jrdBfFPOlzXcYDfEMTeeXEuKOTC-3CNZr2zoS3LFS1Y38AAeIa3AhxQeLzSO6t1bPrSUhpbHkBfTk/s1553/ScreenHunter%201346.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="542" data-original-width="1553" height="140" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhT-3BHizwkIQUuJleu4PpDBrWNieTRL-GrAd0uSidbQ8AlqKOl7Naqu_0YbM6UEMR74R7JvUY-JapCcArksO5hdxgKUqRiFa2rzEM8rc4jrdBfFPOlzXcYDfEMTeeXEuKOTC-3CNZr2zoS3LFS1Y38AAeIa3AhxQeLzSO6t1bPrSUhpbHkBfTk/w400-h140/ScreenHunter%201346.png" width="400" /></a></div><br /> <br /><br /><br /><br /><br /><br /><br /><br /><div>the weekly oscillator needs a few more days to reach overbought levels.</div><div><br /></div><div>Therefore, next week will be crucial in determining the resilience of the current upswing. </div><div><br /></div><div>Bulls remain in control on a break above the resistance zone, or any pullback which finds support above the 1 x 1 angle.</div>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-36670992556062749072023-11-03T02:58:00.000-04:002023-11-03T02:58:09.177-04:00SPX Phase Change<p> The SPX is ready for the next sideways/down phase:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHtzUxJjpfG3iKb0CX9tE4C__sWZ5_o9i7slPAL3U1IuaX5AA4DX0poboi65493vvCdByJyKTl1iLq6M_gAxJLu-JVhz8nh4wLuMJJm3Nv5rgZqEURlcHKP59VIrwUoK7plXyj-QzGcorVR_q5Zl642F1bJIqDCRGbW6xIOUAQa_P2JbZzKo1Q/s1539/ScreenHunter%201343.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="547" data-original-width="1539" height="143" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhHtzUxJjpfG3iKb0CX9tE4C__sWZ5_o9i7slPAL3U1IuaX5AA4DX0poboi65493vvCdByJyKTl1iLq6M_gAxJLu-JVhz8nh4wLuMJJm3Nv5rgZqEURlcHKP59VIrwUoK7plXyj-QzGcorVR_q5Zl642F1bJIqDCRGbW6xIOUAQa_P2JbZzKo1Q/w400-h143/ScreenHunter%201343.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>The bullish scenario depends on the ability of the SPX to stay above the bullish angle, and to break above key resistance levels:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQLJ3b2l2ddpZcD4tdWAz_TbwTs4B82rlKDe0D1okRvkYnrfrfynOfyn7rkwyzOpMglXCVFIUJATqWKZ1Cob2swKw95lkjuo1aLbq8zW0BSUydrmPQIvXVtN8sFsblu82Df4JN3wDDWqved4grhGfMq617rG7T7PcLyj5zwUCZXqzSqywWm8gD/s1719/ScreenHunter%201344.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="765" data-original-width="1719" height="178" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQLJ3b2l2ddpZcD4tdWAz_TbwTs4B82rlKDe0D1okRvkYnrfrfynOfyn7rkwyzOpMglXCVFIUJATqWKZ1Cob2swKw95lkjuo1aLbq8zW0BSUydrmPQIvXVtN8sFsblu82Df4JN3wDDWqved4grhGfMq617rG7T7PcLyj5zwUCZXqzSqywWm8gD/w400-h178/ScreenHunter%201344.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-5487889651745493952023-10-24T21:34:00.002-04:002023-10-24T21:35:03.962-04:00SPX Update<p> The technical bounce materialized as expected, but the SPX has not been able yet to break above the Pivot Line in the longer time frames:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB8jXCPSFY_O7Szgy46JTuVdgV62JhR8I7fpgxtfQ-EpgyaBTF0U3ZFzJ0tA_u8KFytvx4F-Qb2-wv73IfnU46YEpd6gXzFF-MOugBfQWX2RWIrSY19MG0AJqMcaDvLTevDw7E1S6WNsUzpM5xHTAeVEkB1AYqGhkwhJ8eum3eZFHY2trzRnMN/s1782/ScreenHunter%201341.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1370" data-original-width="1782" height="308" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiB8jXCPSFY_O7Szgy46JTuVdgV62JhR8I7fpgxtfQ-EpgyaBTF0U3ZFzJ0tA_u8KFytvx4F-Qb2-wv73IfnU46YEpd6gXzFF-MOugBfQWX2RWIrSY19MG0AJqMcaDvLTevDw7E1S6WNsUzpM5xHTAeVEkB1AYqGhkwhJ8eum3eZFHY2trzRnMN/w400-h308/ScreenHunter%201341.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-76722722761017851402023-10-20T22:38:00.002-04:002023-10-22T02:05:59.797-04:00SPX Weekly Targets<p> Monday's up move changed the Price Pattern Oscillator's trajectory and now the indicator is projected to reach oversold levels on Monday:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl8kzQ1Cdwf6qNMo6GURUAaUJGhMtnzbJ_fE7to1UXyMrQR2_ZcxEwtnV5KsLlklJB_RTgWwLDJzoK0e9lSeH2VXX37W_oOOAXdFDQfpF1k4SWTrh4zAJ2-38bGPCLcrXbfRJkgdfPW45en0xnLF9lTCEmfTsdy7Se0Qnv-iN4g1JobyrbRLHY/s1397/ScreenHunter%201338.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="510" data-original-width="1397" height="146" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjl8kzQ1Cdwf6qNMo6GURUAaUJGhMtnzbJ_fE7to1UXyMrQR2_ZcxEwtnV5KsLlklJB_RTgWwLDJzoK0e9lSeH2VXX37W_oOOAXdFDQfpF1k4SWTrh4zAJ2-38bGPCLcrXbfRJkgdfPW45en0xnLF9lTCEmfTsdy7Se0Qnv-iN4g1JobyrbRLHY/w400-h146/ScreenHunter%201338.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>The SPX dropped to a confluence of several support levels which, baring a panic selling event, should lead to a technical rebound.</p><p>Weekly targets: 4200 - 4375, Pivot line at : 4300</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQ1tzh3XpH8Qy_RbhW4t7_fjt3P92aMxbe2qmA_XWhTlYX96qWqbZr2sEODJtmtODXfA6a1BFLz6SSqB_Wplo0i8J9maklUEELmlleIp6EerrrpqPwf_hVYgKrF_hVHQG64liUP8WjogVXpZ0IOUK_GZpnBGbw3KfszoWs4ZVxuC9dRv_XD704/s1766/ScreenHunter%201340.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1493" data-original-width="1766" height="339" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQ1tzh3XpH8Qy_RbhW4t7_fjt3P92aMxbe2qmA_XWhTlYX96qWqbZr2sEODJtmtODXfA6a1BFLz6SSqB_Wplo0i8J9maklUEELmlleIp6EerrrpqPwf_hVYgKrF_hVHQG64liUP8WjogVXpZ0IOUK_GZpnBGbw3KfszoWs4ZVxuC9dRv_XD704/w400-h339/ScreenHunter%201340.png" width="400" /></a></div><br /><p><br /></p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-26188492513646103072023-10-16T10:13:00.003-04:002023-10-16T20:48:30.138-04:00SPX Weekly Swing Update<p> SPY/SPX starting the week above the Pivot Line in three out of four time frames:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis4TG6svTbuUyoTLQdHcfDLeP3X4tOaddCz3Tfb8eIPxmFuPwUhpEOrP8hDwpNhwz8IjZZYyxJT_7DAcdm4idzvZ2-Zphgoqe7pRBI-oTRUIeV3AvOEbcm9kRl1qPMZShCOoYBw8vSU1SbXxbVkguWJsbJy76JdZvxjdUBuvF7B3d-0exv7ptR/s1826/ScreenHunter%201337.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="1326" data-original-width="1826" height="290" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEis4TG6svTbuUyoTLQdHcfDLeP3X4tOaddCz3Tfb8eIPxmFuPwUhpEOrP8hDwpNhwz8IjZZYyxJT_7DAcdm4idzvZ2-Zphgoqe7pRBI-oTRUIeV3AvOEbcm9kRl1qPMZShCOoYBw8vSU1SbXxbVkguWJsbJy76JdZvxjdUBuvF7B3d-0exv7ptR/w400-h290/ScreenHunter%201337.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>backed up by strong <a href="https://mktinternals.blogspot.com/" target="_blank">market breadth readings</a>.</p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.comtag:blogger.com,1999:blog-34156829.post-40930165528594833072023-10-13T21:18:00.004-04:002023-10-14T00:58:36.898-04:00SPX Weekly Targets<p> The sideways/down phase started right on time. At the current rate, the Pattern Oscillator will need two more days to reach oversold levels:</p><div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLoOY2O3SJLPGnBBCkU7vtpMs7Mc3VzNl-x4Zp-jPWVl6a_ZGOab1D6h9yqEU97pHKTwnqKLlhNw2Iqc2sLplVFB-O0K58klVBL04HwWL9xywbEIEAkCzTkDJGksIg-melxw-FXxEPm4eUB3dGKaGO7OIdbdfQrCJXkFtRYdOlmqbxyDOMj6ik/s1404/ScreenHunter%201335.png" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" data-original-height="500" data-original-width="1404" height="143" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjLoOY2O3SJLPGnBBCkU7vtpMs7Mc3VzNl-x4Zp-jPWVl6a_ZGOab1D6h9yqEU97pHKTwnqKLlhNw2Iqc2sLplVFB-O0K58klVBL04HwWL9xywbEIEAkCzTkDJGksIg-melxw-FXxEPm4eUB3dGKaGO7OIdbdfQrCJXkFtRYdOlmqbxyDOMj6ik/w400-h143/ScreenHunter%201335.png" width="400" /></a></div><br /><p><br /></p><p><br /></p><p><br /></p><p><br /></p><p>Weekly targets and pivot line remain unchanged.</p>OddsTraderhttp://www.blogger.com/profile/02344795819557189346noreply@blogger.com