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

Monday, June 24, 2019

SPX Weekly Targets

SPX starting the week in the breakout zone:














Market breadth is overbought which usually leads to a sideways/down phase:















With the G20 scheduled for the end of the week, a sideways move seems more likely.

Thursday, June 20, 2019

SPX and Market Breadth

Market breadth reaches overbought levels
















just as the SPX challenges the all time highs:















Market breadth is setting up the stage for the next sideways/down phase, although latecomers to the party may extend the rally for a few more days.

Wednesday, June 19, 2019

SPX Pattern and Trend

SPX testing the resistance zone ahead of the FOMC meeting:

















Market breadth is turning up from oversold levels:


Sunday, June 16, 2019

SPX Targets and Market Breadth

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
















Weekly targets: 2825 - 2945


Monday, June 10, 2019

SPX Targets for the week of June 10th

Following last week's rally, market breadth turned from oversold to overbought, which usually precedes a sideways/down phase. When momentum is very strong, this can result in a continued grind higher:















The weekly outlook remains neutral as long as the index trades within well-defined support/resistance zones. It is, however, nowhere near overbought levels yet:















For real time intraday updates check out our TV page.






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.