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

Monday, August 19, 2019

SPX Outlook

SPX starting the week sandwiched between support at the Pivot Line and resistance at the top of the Neutral zone:

Daily market breadth reached oversold levels last Thursday and started an immediate rebound:

The average overbought/oversold cycle is 5 days:

Sunday, August 04, 2019

SPX 2019 Target Update

SPX finished the week at an important juncture -- the top of the neutral zone:

Market breadth is getting oversold, setting the stage for the next sideways/up phase:

Sunday, July 21, 2019

SPX Weekly Targets

Powell's put is being tested again:

While daily market breadth is getting oversold:

The weekly SPX remains above the breakout zone but is testing pivot line support:

Monday, July 15, 2019

SPX and the Powell Put

Powell's testimony cut the down phase of the market breadth cycle short:

Therefore, we expect the next peaks and troughs to occur at higher price levels:

The SPX remains in a strong uptrend, firmly above the breakout zone:

Only a break below that zone will signal a meaningful trend reversal.

Monday, July 08, 2019

SPX Weekly Targets

The expected up-phase matched exactly the average time and price targets associated with it. The SPX made a new high and is starting the week above the break-out zone:

Market breadth has become overbought, and the stage is set for the next sideways/down phase:

The next chart shows the most recent market breadth overbought/oversold zones along with the weekly SPX targets:

The average advance/decline is 5 days.

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.