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

Saturday, November 18, 2023

SPX Weekly Outlook

 SPX reached the second resistance zone and remains in a bullish uptrend trading above the 1 x 1 Angle:












Unlike last week, however, both the daily and weekly oscillators have reached overbought levels, which suggests that it will get harder to keep the bullish momentum going:



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.