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

Friday, May 07, 2021

SPX Weekly Targets

 SPX is gearing up to get overbought just in time for the release of the CPI numbers on Wednesday:

Weekly market breadth continues printing peak values:

Tuesday, May 04, 2021

Sunday, May 02, 2021

SPX Targets

The trend remains up, although the  breakout attempt fizzled by the end of the week; SPX keeps the same targets:

Thursday, April 29, 2021

SPX Pattern and Trend

 After bouncing off support several times, the SPX is in the process of breaking out:

No change in trend yet.

Saturday, April 24, 2021

SPX Key Test

SPX finished the week with a big question mark, settling just below key resistance at the April 16th high.

Although the SPX finished the week strongly, several red flags remain.

In addition to the inability of the SPX to break above the April 16th high, daily market breadth is still declining, arguing in favor of a sideways/down phase continuation.

The SPX keeps the same weekly targets:

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