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

Thursday, March 14, 2024

SPX Rinse and Repeat

 No surprises, as the SPX continues repeating the same pattern over and over again:







The pull-backs keep market breadth from getting overbought while the SPX zig-zags higher:



Tuesday, March 12, 2024

SPX Pattern and Trend Continuation

 No changes in SPX pattern and trend:






bouncing between the weekly Pivot line and the upside target, keeping the trend up.

Saturday, March 09, 2024

SPX Weekly Targets

 The SPX remained true to the pattern of bouncing between the weekly Pivot line and the upside target:






and the trend remains up in all three (D,W,M) time frames:







Weekly targets: 5000 - 5200, Pivot line at 5100.

At the current rate, daily market breadth will need 5 days to get oversold, and 2 days to get overbought.

Thursday, March 07, 2024

SPX Pattern and Trend

 The SPX remains above the trendline:







while repeating the pattern of testing the weekly Pivot line:



Thursday, February 22, 2024

SPX Pattern and Targets

 For the second week in a row the SPX is bouncing off the Pivot line and Trendline support, and aiming for the upside target:



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