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

Saturday, December 04, 2021

SPX Trend and Pattern

 After failing at the ATH, the SPX registered two consecutive 3-day identical bearish patterns:










A projection of this pattern identifies the key support/resistance levels for next week: 4450 & 4600.

A break below 4450 could lead to a panic sell to 4300. A break above 4600 opens the door for a retest of the ATH.

Weekly market breadth has been steadily declining and has entered oversold territory:









suggesting that a strong rebound should follow.

Saturday, November 20, 2021

SPX Pattern and Trend

Peak momentum readings at the beginning of the month were followed by a quick sell-off, and the SPX spent the last two weeks trading in a box. Strong seasonality suggests giving bulls the benefit of the doubt:








Support at 4630 and 4680; resistance at 4720. 

Upside/downside targets at 4750 and 4630.


(Data, signals and targets courtesy of  OddsTrader, Gann 9 and OT Seasonal)

Friday, November 05, 2021

Sunday, October 31, 2021

SPX Update

 Strong seasonality helped keep the SPX above the bullish angle, and propelled it to new highs:




While seasonality remains positive for the next few weeks, it is not as strong.

In addition, despite strong momentum, leadership is narrowing.

Monday, October 25, 2021

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