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

Monday, May 23, 2022

SPX Weekly Targets

 SPX trading at the 3970 pivot line.

Upside/downside weekly targets: 4150 & 3850:



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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:



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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

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SPX Update

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



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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.

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