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 694.04

+0.7%

4:00 PM EST

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From: rimshot	8/5/2021 9:16:45 AM
	of 1118

$NDX comments this a.m. by Jason G of Sentiment Trader - * number of Nasdaq 100 stocks more than 20% off their highs is the most in 2 months when the NDX was 2,000 points lower. That's weird. Still, as long as fewer than 30% of them are in bear markets, the NDX has almost zero chance of heading into a protracted decline. my customized weekly range chart for the Percentage of $NDX stocks having a rising Price Momentum Oscillator which is a creation of Carl Swenlin - * looks constructive for the continued bullish case at this time, though violating the 38% to 42.5% zone on a lasting basis would not be a bullish event ... possible loads of upward headroom now existing is one positive development we are recently seeing which beats this metric being OB stockcharts.com

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