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

Monday, November 21, 2022

SPX Pattern and Trend

 Daily and weekly breadth readings remain at odds, which explains the continued sideways move:









There was a similar occurrence in May - June, which resulted in a sell-off. A similar outcome is likely to lead to a retest of the October lows:










By contrast, the early August consolidation preceded a 6% SPX gain, which coincides with the upside weekly target.

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