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:
Cycle and technical analysis used to identify future Change in Trend (CIT) dates for the SPX and the major indices.
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:
No changes in SPX pattern and trend:
bouncing between the weekly Pivot line and the upside target, keeping the trend up.
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.
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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