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

Sunday, January 09, 2022

SPX Pattern and Trend

 Peter Lynch correctly observed that more money is lost anticipating and preparing for corrections than during actual corrections. This time it won't be any different. There are abundant signs of market participants freaking out and all sort of divergences abound. While the SPX and DJIA remain in a weekly uptrend, NASDAQ has been trading flat since October '21, while the Russel 2000 has been trading in a narrow box since January '21.

Daily SPX found support at the weekly downside target, just below our bull/bear level for 2022:

This chart gets updated daily here.

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