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

Saturday, November 20, 2021

SPX Pattern and Trend

Peak momentum readings at the beginning of the month were followed by a quick sell-off, and the SPX spent the last two weeks trading in a box. Strong seasonality suggests giving bulls the benefit of the doubt:

Support at 4630 and 4680; resistance at 4720. 

Upside/downside targets at 4750 and 4630.

(Data, signals and targets courtesy of  OddsTrader, Gann 9 and OT Seasonal)

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.