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

Monday, May 27, 2019

SPX Pattern and Trend


The SPX finished trading in the neutral zone for the third week in a row. That zone expands roughly between 2942 and 2814. The next support level is at 2720. First resistance at 2875. 

















We’re currently in a declining market breadth phase which favors selling the rallies. Once the trend turns up again (expected within a trading day or two), the strategy should change to buying the dips.

















The projected trading range for the SPX for next week is 2775 – 2875:



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