Market Breadth Data

Tuesday, June 30, 2015

$SPY Trend and Momentum

There's a big gap just below current weekly support levels. The momentum indicator is already at exhaustion levels:

$SPY Bounce

The question now is whether those who panicked yesterday will be left out in the cold or will this correction run a tad longer:

Market breadth parameters indicate that the pendulum has swung back and the mo-mo crowd, after lingering at the top, is almost completely out:

And Greece is still broke.

Monday, June 29, 2015

$SPY Signs of Panic

Clear signs of panic in the air and three clear support levels for the SP-500:

and for the Qs:

The Panic meter, at the bottom of the charts, is coming back to life.