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

Saturday, November 25, 2023

SPX Pattern and Trend

 SPX momentum stalled as expected, and the futures remain trapped between two significant support/resistance zones:









While the daily Pattern oscillator is projected to get oversold in a few days, the weekly remains overbought, which doesn't favor a break above 4600:



at

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.