The SPX performed in line with the key parameters outlined last week.
An overbought daily pattern oscillator resulted in a swing reversal which was contained by bullish seasonality. In the end, the SPX found support at the Pivot line. At the current rate, the Pattern Oscillator needs one more day to reach oversold levels:
The weekly targets and pivot line remain the same.
Although the daily swing score turned negative, the aggregate score (daily, weekly and monthly) remains positive:
