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

Monday, June 10, 2019

SPX Targets for the week of June 10th

Following last week's rally, market breadth turned from oversold to overbought, which usually precedes a sideways/down phase. When momentum is very strong, this can result in a continued grind higher:















The weekly outlook remains neutral as long as the index trades within well-defined support/resistance zones. It is, however, nowhere near overbought levels yet:















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