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

Monday, May 11, 2015

$SPY Angles and Trend

Extremely high breadth readings, like the one reached on Friday, can rarely be achieved two days in a row.



The market needs time to digest the big jump. Both the cycle and the swing indicators are pointing up. 1 x 1 angles show support/resistance and reversal levels:






at

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.