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

Sunday, January 15, 2023

SPX Weekly Targets

 The SPX tagged both resistance levels mentioned last week-end, and is testing the 200 dma once again. Holding the 200 ma is the bulls main objective, and the key technical test for next week:







For the time being, weekly momentum remains positive with room to further expand before reaching overbought levels:






The projected weekly range is 3825 - 4100, pivot line at 3940:



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