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

Wednesday, March 23, 2022

SPX Update

 SPX tested the upside weekly target while market breadth was printing max overbought numbers two days in a row. The inevitable retreat brought the futures back inside the congestion zone:











For the bullish reversal to gain traction, the SPX needs to find support above 4400.

At the current rate, daily market breadth is three days away from reaching oversold levels.

at

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.