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

Sunday, May 10, 2020

SPX, Bitcoin, Oil, 10YT And G6 Targets for The Week of May 11th

Last week we noted that a pull-back that doesn’t dip below 2720, should be considered positive for the market. The SPX futures low came in at 2780, and market breadth bottomed out two days later when the SPX made a higher low:


Although, this in and of itself should be considered a positive development, the bullish case will be strengthened only with a permanent break into the neutral zone:


As of Friday, both weekly and daily signals are long:


The 10 Year Treasury keeps consolidating at the highs. The weekly targets remain unchanged:




Following the April 20th debacle, Oil has found its footing, and even challenged last week’s upside target. It continues printing higher targets:


BTC is showing signs of increased volatility ahead of halving, hitting both upside and downside targets:


   

For  GOLD and G5 weekly targets and Buy/Sell pivots, check the TV page which gets updated on Monday.

*Please note that the signals are provided for informational purposes only. They are in effect as of the close on Friday and may change as soon as the markets re-open.

Charts, signals, targets and data courtesy of OddsTrader, CIT for TradingView and NinjaTrader 8

For intraday charts and update follow us on TradingView

 

 


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