/ES 4647 through 4632 = next lower potential bull / bear divider,
based on a significant tell within the Volume by Price profile, using
a 10-day look back
/ES 4625 = must hold level for the bulls, or the bears would be firmly in
control if a lasting hold below 4625 occurs
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Message #42764 from rimshot at 11/10/2021 12:56:00 PM
$SPX vs. $NYA ratio's weekly hi / low range -
* is it obvious the out performance of the $SPX vs. the current 3,483 active symbols in the NYSE is
a relatively short-lived & likely a temporary math event resulting from the $OEX
out performing the $SPX in recent months? Yes, the condition can outlive some of us, but
not likely outlive all of us ... a condition created by greed and fear of missing out on the upward
action, like addicts to the flame
stockcharts.com
$SPX daily with the 55,2.1 Bollinger Band, for the overall chart condition -
* S&P 500 heavy weight TSLA achieved a new record intraday price high during several days last week
stockcharts.com
daily $SPX vs. $OEX ratio finished last week at the 2nd lowest value in many months
of weekly closes by this ratio, meaning the Mega Caps have been doing
the S&P 500 index's heavy lifting, with narrowing participation
by the other 400 stocks within the Market Capitalization dollar size weighted S&P 500 index -
stockcharts.com
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/ES 4,680 = horizontal bull / bear divider that will be a reliable
tell, going forward
* pure price-based interpretation, without volume by price considerations
important Note -- the re-test from above of the /ES 4,660 region is classic Point & Figure chart interpretation
and seeing whether sell-stop running slightly below 4,660 is eventually more sinister than brief ....
bulls do not want to see a future hold below /ES 4,660 level
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Message #42723 from rimshot at 11/10/2021 10:47:07 AM
RCKS - here is my chart showing the setup for the NYSE CSO cumulative net
A-D line -
stockcharts.com
Message #42685 from rcksinc at 11/9/2021 7:17:15 PM
Urban Carmel take on Breadth study
"Here’s a breadth study that’s actionable. After being negative, $NYSI is just 36 pts away from +500.
Very high odds of continued upside in $SPX (blue lines). This isn’t how bull markets end"
" $NYSE common stock only A/D line finally made a new high today, fwiw"
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