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

Tuesday, November 19, 2024

SPX Resistance Levels

 The natural resistance levels for the SPX are 5930 and 5950.

The weekly and monthly upswings remain  bullish, the daily will reverse at 5925.



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Saturday, November 16, 2024

SPX Weekly Targets

 The SPX found support at the 50% retracement of the latest upswing, which is a high odds level for a reversal:












The Barometer dropped to deeply oversold levels which is also supportive of a reversal:






to be confirmed by the Swing oscillator:


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Tuesday, November 12, 2024

SPX Update

 Monday marked the beginning of the sideways phase for SPX:



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Sunday, November 10, 2024

SPX Weekly Targets

 The Election reversal trade remains in place, with he SPX printing higher targets:









The Barometer has reached overbought levels which cautions to expect a sideways phase:




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Tuesday, November 05, 2024

SPX Election Reversal

 






The Barometer remains neutral.

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