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

Saturday, August 10, 2024

SPX Weekly Targets

 The SPX overcame the first major hurdle at the weekly Pivot line projecting higher targets for next week which validates the daily bullish reversal::







Pivot line at 5350.

The daily Pattern oscillator has rebounded from deeply oversold levels and reached neutral readings:





The next step in confirming the daily bullish swing reversal should come from the weekly and monthly signals:


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.