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

Tuesday, January 14, 2020

SPX 2020

The SPX finished 2019 strong, a few points above our updated 3200 year-end target. Momentum is pushing the index higher at the beginning of 2020, as the futures continue trading within the bullish uptrend channel.

As both price and time momentum indicators are reaching overbought levels, there are two lines to keep an eye on for signs of trend reversal: the lower uptrend channel line and the trendline connecting the '18 highs:


2020 upside target: 3600;
downside target: 2550















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