5/29/2017 sp500 breadth analysis

After briefly market comes to new high, sp500 has already inked 7 consecutively up days. Everyone is concerned about how the market will develop in next several trading sessions. The breadth analysis is following:

1. The percentage of sp500 stocks above 50 days MA. The reason of not using 200 days MA or 100 days MA is that the index still above 50 days MA, no need worry about 100 days MA or 200 days MA for now.

  http://schrts.co/yd8EbN

2. breadth momentum oscillator which can confirm the current sp500 breadth.

http://schrts.co/IlNxTC

In summary, the breadth momentum oscillator confirmed the current index breadth is improving and will be improved further. It is a very positive sign for the bull. The pull back will happen, but it will be manageable and small. Buy dip is the best deal still.

My personal opinion is not for investment, but for education and illustration.