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

Thursday, March 28, 2024

SPX Angle and Trend

 SPX finishing the month strong, following the familiar patter and trading above the 1 x 1 angle:



Thursday, March 21, 2024

SPX Pattern and the FED

 The current upswing started with the FED pivot in November, and is likely to continue until rate cuts become reality:






At the current rate, the daily pattern will become overbought in two days:



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.

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