Market Breadth Data

Friday, February 12, 2016

$SPY Make or Break Time

Make or break time for the SP500:













A break below the January support level could have serious implications:













1880 remains the minimum upside target for a show of strength.

Wednesday, February 10, 2016

$DIA and Crash Cycle

The last two corrections were proportionate (time and % decline wise) to the average DJIA correction cycle for the last 130 years:













A break below 15370 opens the door to much lower targets: 13800, 12400 and 12000






$SPY CIT Date Forecast

The e-mini futures validating so far yesterday's CIT forecast:
















The e-mini, however, needs to climb above 1880 for a real show of strength.
Market breadth reached oversold levels during the last down-swing, clearing the way for a sideways/up move:




Trading Books