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

Monday, May 23, 2022

SPX Weekly Targets

 SPX trading at the 3970 pivot line.

Upside/downside weekly targets: 4150 & 3850:

Friday, May 20, 2022

SPX Pattern and Trend

 The SPX finished the week right on the downside weekly target.

More importantly, weekly market breadth is showing signs of reversal:

Wednesday, May 18, 2022

Buyers on Strike

 A sight to behold: 

One can rarely see weaker market breadth.

Peak exuberance and bearishness follow each other on a daily basis, as there is rarely follow through after such  extreme readings

SPX Update

 From deeply oversold weekly market breadth to overbought daily market internals in three days:

Sunday, May 15, 2022

SPX Weekly Targets

 With weekly market breadth dropping below March 2020 levels, and SPX puts outnumbering call 3 to 1, odds favor a rebound:

Upside/downside weekly targets at  4250 & 3900.

Pivot line at 4065.

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.