"At Support, Leadership Oversold."
Today's CMI offers a quick tactical update on market location and breadth. We have been focused on the projected Monthly Momentum Zone (MMZ) as likely support for the S&P during this bout of weakness. Figure 1 presents an update of the S&P MOTR Blocks chart, demonstrating that the S&P has since fully tested the MMZ, an area that should hold, even if only. . .
