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

Saturday, April 24, 2021

SPX Key Test

SPX finished the week with a big question mark, settling just below key resistance at the April 16th high.

Although the SPX finished the week strongly, several red flags remain.

In addition to the inability of the SPX to break above the April 16th high, daily market breadth is still declining, arguing in favor of a sideways/down phase continuation.

The SPX keeps the same weekly targets:

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