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

Wednesday, September 20, 2017

SPY Pattern and Trend

The index is pushing on a string waiting for the Fed and the tax reform proposal, which is keeping downside pressure in check:

The pivot line is at 2499 with two unfilled gaps underneath.

Sunday, September 17, 2017

$SPY Pattern and Trend

The index finished opex week pinned at its first upside target of 250/2500:

The combined trend and momentum readings are at their maximum level suggesting that a sideways/down phase is to follow:

Daily pivot @ 2495, weekly @ 2492.
All eyes on the FED.

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