The SPX pulled back within the uptrend channel, leaving the bullish trend intact:
Daily market breadth continues to rebound from oversold levels. However, there is a persisting negative divergence with market internals, as they haven't caught up with price yet.
Upside weekly target at 4450, pivot line at 4350.
The average daily bullish cycle has another 12 days left to run.
The futures continue following the post OpEx pattern with uncanny accuracy:
Market breadth remains strong across the board, and just turning up from oversold levels:
Additional seasonal patterns and cycles here
The SPX continues following the OpEx pattern, and broke back inside the bullish channel. Key resistance becomes support at 4290. Expecting some sideways action for Wednesday, as a breakout to new highs this week doesn't seem likely:
More seasonal patterns and cycles here
Familiar OpEx action:
Key resistance at 4290, support at 4235..
Daily market breadth dropped into the oversold zone:
Seasonal patterns and cycles here
It took the SPX 6-1/2 months to reach our upside target for 2021:
More on time cycles and seasonal patterns here
