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

Monday, August 19, 2019

SPX Outlook

SPX starting the week sandwiched between support at the Pivot Line and resistance at the top of the Neutral zone:
















Daily market breadth reached oversold levels last Thursday and started an immediate rebound:















The average overbought/oversold cycle is 5 days:











Sunday, August 04, 2019

SPX 2019 Target Update

SPX finished the week at an important juncture -- the top of the neutral zone:
















Market breadth is getting oversold, setting the stage for the next sideways/up phase:

















Sunday, July 21, 2019

SPX Weekly Targets

Powell's put is being tested again:










While daily market breadth is getting oversold:
















The weekly SPX remains above the breakout zone but is testing pivot line support:


Monday, July 15, 2019

SPX and the Powell Put

Powell's testimony cut the down phase of the market breadth cycle short:
















Therefore, we expect the next peaks and troughs to occur at higher price levels:













The SPX remains in a strong uptrend, firmly above the breakout zone:















Only a break below that zone will signal a meaningful trend reversal.

Monday, July 08, 2019

SPX Weekly Targets

The expected up-phase matched exactly the average time and price targets associated with it. The SPX made a new high and is starting the week above the break-out zone:
















Market breadth has become overbought, and the stage is set for the next sideways/down phase:
















The next chart shows the most recent market breadth overbought/oversold zones along with the weekly SPX targets:












The average advance/decline is 5 days.

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