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

Monday, September 04, 2023

SPX Pattern and Trend

 The expected rebound brought the SPX to the upside weekly target, where it spent most of the week:









Market Breadth and Pattern indicators are steadily making their way towards the overbought zone which should raise the cautionary flag:













Weekly Seasonality and the SPX/VIX indicator give an even more urgent warning of an imminent change in trend. As of the close on Friday, the SPX finished in an upswing in all three time frames: daily, weekly and monthly.

Weekly targets: 4350 - 4600, Pivot line at 4480.

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