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

Sunday, May 12, 2024

SPX Weekly Targets and Seasonality

 The SPX finished the week 4 points above the upside weekly target:








The targets for next week are 5080 and 5285, Pivot line at 5180.

From a TA point of view the daily and weekly trends are up:












despite the fact that the daily Pattern Oscillator started declining and, at the current rate, will reach oversold levels on three days:







The seasonality outlook for next week is less favorable.

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