Market Breadth Data

Friday, August 29, 2014

$SPX Measured Move Target

SPX close at 2003 ('87 - '00 measured move price target) and 2003 days since 3.6.2009

with weekly liquidity reaching overbought levels:

However, the daily overbought/oversold indicator is in oversold territory:

which means that upward pressure should be expected within the next few days.

$IG Breakout from Base

Zacks decided to downgrade IG right after it broke out from a huge base, and now is backpedaling quietly, hoping nobody will notice:

Thursday, August 28, 2014

$FB Channel and Trend

FB gap down below support at the lower channel line:

Next support at $71.5