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

Thursday, November 16, 2017

SPX Pattern and trend

The key pivot line at 2565.5 held one more time, and the index is back within the uptrend channel:



















Channel support at 2578.5, key support at 2565.5
Market breadth bouncing off oversold levels:




Wednesday, November 15, 2017

SPY Pattern and Trend

The futures are testing the key 2565.5 level for the forth time this month:

























The more this level get's tested, the weaker it gets. A break below is likely to lead to a sizable sell-off and a new down-trend. Lower support levels at 2550 and 2544.

Market breadth is hovering just above recent oversold levels:


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