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

Saturday, April 13, 2024

SPX Weekly Targets

 The SPX dropped to within 10 points of the downside weekly target and finished the week like it did the week before - oversold market breadth and declining price targets:











The difference is that market breadth declined even further to levels not seen since December '23 and February '24. One can expect a similar reaction and a bounce off of oversold levels.

The next weekly targets are 5050 - 5250, Pivot line at 5150:



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