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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 694.04+0.7%Jan 9 4:00 PM EST

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From: rimshot8/6/2021 7:56:00 AM
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Danny Riley does not think the /ES is " cleared for take off "

Friday a.m. update of his mental walk -

pbs.twimg.com

++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

as one views & travels upward in price looking at the 10-day look-back /ES chart:

volume by price histograms are displayed which dramatically taper down in size starting
at an additional ledge where the volume histo's taper down
in size by the greatest distance amount starting at 4416 to 4417.25 and then looking at the higher price levels above ....
before there is greater in size though still relatively small size volume histo's relative to the big picture
of this 10-day chart starting again several /ES points higher than approx. 4418.25 to 4419.50

if a reliable new Value area is going to be established above 4416 or so, we are going to need
to spend a decent number of hours printing price & its related volume
within or above the 4416 to 4422.75 /ES price zone

* final post of this week
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