Market Breadth Data******************************
Tuesday, June 13, 2017
$SPY Pattern and Trend
If the symmetry continues to hold, expect a swing low mid September, and rally until April/August '18:
SPX price target 2500 - 2510.
Monday, June 12, 2017
$QQQ Pattern and Trend
The Qs found support at the 50 dma and the % decline is consistent with previous corrections in an uptrend:
Sunday, June 11, 2017
$QQQ Pattern and Trend
The uptrend hasn't been broken yet, as the Qs declined exactly to the 50% retracement of the last upswing:
This was a good example, however, of what to expect once everybody rushes for the exit at the same time.
This was a good example, however, of what to expect once everybody rushes for the exit at the same time.
Friday, June 09, 2017
Thursday, June 08, 2017
$SPY Pattern and Trend
The index is at a critical juncture, deciding whether to stay with the current and, eventually, retesting the lower channel line, or accelerating upwards and establishing higher support/resistance levels:
Wednesday, June 07, 2017
Sunday, June 04, 2017
$DIA and Bull Rallies
Friday, June 02, 2017
$SPY Waves, Momentum and Trend
Daily market breadth suggests that the sideways/down phase is over, and there's plenty of upside potential left:
Also, the short-term upswing exceeded the length of the preceding downswing, meaning that we are currently in week 30 of the larger trend which remains up:
This is the latest leg of the bullish wave pattern which started in 2009:
From this perspective, we've already exceeded the length (58 weeks) of the first leg of that pattern.
Also, the short-term upswing exceeded the length of the preceding downswing, meaning that we are currently in week 30 of the larger trend which remains up:
This is the latest leg of the bullish wave pattern which started in 2009:
From this perspective, we've already exceeded the length (58 weeks) of the first leg of that pattern.
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