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

Tuesday, January 10, 2023

SPX Update

 No surprises on Monday for those who pay close attention to market breadth dynamics. The SPX ran out of steam within 5 points of resistance, and closed back within the box:













Currently, weekly market breadth continues rebounding, which should provide long-term market support, while the daily is in overbought territory, which should act as a lid to bullish market moves. At the current rate daily market breadth should get oversold by the end of the week.

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