Set ups and Open Interest for Week 1/16/17

Another great week – 2018 starting off with a bang :-). Breadth: SPX stocks at 20-day highs: Finally I have to expand this chart out 2 years because we surpassed 2017 levels. Clearly we are overbought. That means that either a pause (a sideways consolidation to work off overbought conditions) or pullback is on the…