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

Saturday, January 07, 2023

SPX Weekly Targets

 Despite finishing the week on a high note, the SPX remains inside the box (3775 - 3900).

Strong bursts of energy, as experienced on Friday, are hard to sustain, and odds favor a cooling off period:








Therefore, the key for unlocking the bullish case is follow-through. 

A break above 3900 will be met with resistance at 3960 and 4000; support at 3775.


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