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

Monday, February 06, 2023

SPX Weekly Targets

 The FED meeting and the Employment report produced the expected effect, which stemmed the decline and led to flatlining of  daily market breadth. At the current rate, the cycle will bottom in three days:







The SPX tried, unsuccessfully, to break above the congestion zone, and stalled at the upside weekly target:




Weekly range: 4000 - 4260; pivot line at 4120.



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