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

Tuesday, March 21, 2017

$SPY Breadth and Momentum

Two warnings were issued last week: that market breadth is overbought, and that weekly swing time is ready for reversal. Today's break below support at 2350/2355 confirms the analysis:




















The red bar at the bottom shows that momentum turned bearish as well.

Terms of Use

All rights reserved by the author. The material contained herein is original content and is the sole property of the author. Any commercial use or reproduction - either in part or whole - is strictly forbidden without the author's prior consent.

Disclaimer: The information provided here is for educational purposes only and does not constitute trading advice nor an invitation to buy or sell securities. The views are the personal views of the author. Before acting on any of the ideas expressed, the reader should seek professional advice to determine the suitability in view of his or her personal circumstances.