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

Saturday, April 29, 2023

SPX Weekly Targets

 The vigorous SPX bounce should have come as no surprise as it was telegraphed by oversold oscillator readings just when the crowd was getting bearish:






Next week should offer a more challenging environment, as there is heavy overhead resistance, and the weekly cycle is halfway through its bearish phase. 

Weekly targets: 4050 - 4300, pivot line at 4185:



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