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

Saturday, January 28, 2023

SPX Weekly Targets

 The SPX reached the upside weekly target and daily breadth reached overbought reversal levels, setting the stage for the next sideways/down phase:







The bullish case hinges on the ability of the SPX to stay above the 200 dma during the next sideways/down phase.

Weekly targets: 3900 - 4160, pivot line at 4020



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