Just a quick note this week. The current range of support and resistance for the S&P 500 Index (SPX) is between 2120 and 2160. A break below 2120 (on a closing basis) will carry quickly to 2100, while a break above 2160 should carry back to 2180. At this point, we’re just waiting for a break of the range to see how the other sentiment indicators react.
You can see the daily Twitter sentiment chart for the stock market (SPX) here.
You can see the breadth chart here.
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