Market Breadth Data

Tuesday, May 26, 2015

$SPY Pattern and Trend

SPY sliced through the SAR Angle and the breakout level and hit the first Hurst 210.5 target; the second target is 209.8:

Market breadth was at record lows and market internals have dropped in oversold territory.

Friday, May 22, 2015

$SPY Pattern and Trend

The rolling correction continues with the index consolidating above the breakout level accompanied by weakening momentum and in the midst of a bearish natural cycle:

$SPY Rolling Correction

Yesterday's action served to confirm our rolling correction hypothesis: