Market Breadth Data

Friday, August 01, 2014

$DJIA and Summer of '97 and '98 Financial Crisis


A trip down memory lane

Exhibit A: Asian financial crisis, July '97







Exhibit B: Russian financial crisis, August '98







(charts provided by OT Signals)

Thursday, July 31, 2014

$IWM Channel and Trend

The negative divergence spotted at the double top made its presence known in a most emphatic way, leading to a retest of the bottom channel with lower targets not far away:


$SPY Trend Update

And SPY opens right on channel and trend support;










IWM also testing key support level:


$SPY Channel and Trend

The line in the sand for SPY: