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

Friday, May 01, 2020

SPX Signals

Market  breadth got overbought on Wednesday, with the SPX closing at 2939:















and the sell-off started the very next day.

Currently, the SPX is on a daily short signal, although the weekly signal remains long.

This could change as soon as the market reopen on Monday:

The cumulative signal line follows the weekly signal (bullish - up, bearish - down), but the coloring is derived from the daily signal (green - long, red - short, yellow- neutral).

We'll be following two different systems.
The short-term system is for swing traders, the longer-term is for position traders.


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