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

Saturday, December 04, 2021

SPX Trend and Pattern

 After failing at the ATH, the SPX registered two consecutive 3-day identical bearish patterns:

A projection of this pattern identifies the key support/resistance levels for next week: 4450 & 4600.

A break below 4450 could lead to a panic sell to 4300. A break above 4600 opens the door for a retest of the ATH.

Weekly market breadth has been steadily declining and has entered oversold territory:

suggesting that a strong rebound should follow.

Saturday, November 20, 2021

SPX Pattern and Trend

Peak momentum readings at the beginning of the month were followed by a quick sell-off, and the SPX spent the last two weeks trading in a box. Strong seasonality suggests giving bulls the benefit of the doubt:

Support at 4630 and 4680; resistance at 4720. 

Upside/downside targets at 4750 and 4630.

(Data, signals and targets courtesy of  OddsTrader, Gann 9 and OT Seasonal)

Friday, November 05, 2021

Sunday, October 31, 2021

SPX Update

 Strong seasonality helped keep the SPX above the bullish angle, and propelled it to new highs:

While seasonality remains positive for the next few weeks, it is not as strong.

In addition, despite strong momentum, leadership is narrowing.

Monday, October 25, 2021

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.