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

Saturday, March 21, 2015

$SPX Pattern and Trend

The SP500 has followed the Quad witching pattern very closely so far and it's time now to take a look at what happens in post-expiration week:


The result is mixed but mostly sideways/down.

On a side note, "Patient"-in was worth 120 SPX points; "Patient"-out has been worth 52 so far. Measured in gold: 120 $/oz in, 40 $/oz out.

SPY trend bars point to 208-209 as the support zone above which price needs to stay to avoid trend reversal:













Daily market breadth is getting overbought:


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