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

Friday, January 24, 2020

SPX Market Breadth

Market breadth just reached oversold levels. This should have bullish implications going forward:


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Tuesday, January 14, 2020

SPX 2020

The SPX finished 2019 strong, a few points above our updated 3200 year-end target. Momentum is pushing the index higher at the beginning of 2020, as the futures continue trading within the bullish uptrend channel.

As both price and time momentum indicators are reaching overbought levels, there are two lines to keep an eye on for signs of trend reversal: the lower uptrend channel line and the trendline connecting the '18 highs:


2020 upside target: 3600;
downside target: 2550















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Sunday, November 24, 2019

SPX Pattern and Trend

SPX momentum appears to be stalling at the top of the trend channel:


Weekly targets for SPX, OIL, GOLD and G6 can be found here.
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Monday, November 18, 2019

SPX, Gold, Oil and G6 Weekly Targets

SPX came to within 1 point of last week's target and continues climbing the wall of worry:















And, although time-wise things may look overextended on the daily chart, the weekly chart hasn't reached overbought levels yet:





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Friday, November 08, 2019

2019 Target

Judging by this article, our 3080 target beats the competition so far:




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