Our Twitter and StockTwits momentum indicators for the the S&P 500 Index (SPX) are getting close to issuing a consolidation warning. Twitter momentum has a small negative divergence as the market moves higher. Meanwhile, the StockTwits community is still confirming the uptrend with higher highs and higher lows in momentum. A break below the current uptrend line and the last lows will warn that the market needs some time to consolidate. Until then the short term trend is still up.
Current support levels from Twitter for SPX are 2050, 2040, and 2010. Resistance is at 2070 and 2100.
Breadth from both StockTwits and Twitter are holding at healthy levels.
