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

Tuesday, October 15, 2024

SPX Update

 An overbought Pattern oscillator lead to a familiar outcome and a retracement in the SPX. 

At the current rate, the oscillator will become oversold in 3 days:






As long as the SPX keeps above/inside the consolidation zone, the technical damage will remain minimal.



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.