Not much has changed from last week. The most significant change comes from support and resistance levels for the S&P 500 Index (SPX). Notice how fear of a return to the February lows popped up as soon as we got a day or two of decline. Another important thing to note is how the market paused at the first Twitter support level of 2080, then when that broke the market caught at the next most tweeted level of 2050.

We’re still waiting for a break one way or another in 7 day momentum for SPX. If it goes the same direction as price then we’ll likely see a sustained move.

Breadth is crawling sideways to down. The number of bullish stocks moved up in the face of declining prices, but the number of bearish stocks rose as well.

Conclusion

We’re still waiting for confirmation of a move from stock market sentiment from Twitter and breadth.