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

Saturday, May 18, 2024

SPX Weekly Targets

 After finding support, mid-day on Friday, at the upside weekly target, the SPX managed to finish the week 20 points above. Next week's targets: 5180, 5385, Pivot line at 5285:






The trend remains up in all three time-frames (D,W,M):














The daily Pattern oscillator reached oversold levels as expected, while the weekly is still trending up, and is not overbought yet, suggesting that until the weekly uptrend is broken, more sideways/up action is to be expected:




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