SPY Advance - Decline data for 2014 through 2016 Message Board

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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016

SPY 683.21

+0.2%

Jan 2 4:00 PM EST

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To: rimshot who wrote (498)	6/19/2021 11:16:35 AM
From: rimshot	of 1118

the McClellan Oscillator is used to show strong or minor shifts in sentiment in the indexes, and strong directional confirmation events are called breadth thrusts, which can accompany up or down price events It also helps in analyzing the strength of an index price trend via divergence or confirmation. The McClellan Oscillator formula can be applied to any stock exchange or index of stocks. A reading above zero helps confirm a rise in the index, while readings below zero confirm a decline in the index. When the index is rising but the oscillator is falling, that warns that the index could start declining too. When the index is falling and the oscillator is rising, that indicates the index could start rising soon. This is called divergence. A significant change, such as moving 100 points or more, from a negative reading to a positive reading is called a breadth thrust. It may indicate a strong reversal from downtrend to uptrend is underway on the stock exchange or index.

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