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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 690.38+0.4%Dec 24 4:00 PM EST

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To: rimshot who wrote (114)7/8/2020 11:12:50 AM
From: rimshot  Read Replies (1) of 1118
 
while SPY remains below 318.45 horizontal level, any price low is possible
with future declines ... do not underestimate the importance of the SPY
318.45 horizontal inflection level

SPY daily closes chart with S&P 500 internals -

* 318.45 = the late January 2020 daily close low

stockcharts.com

the S&P 500 McClellan Oscillator vs. its zero line and vs. its
21-day SMA is a reliable predictive tool for deciding whether to sell
rallies or buy dips -

* the 21-day SMA for the McClellan Oscillator continues to achieve a new multi-week low, and the bearish
case for future SPY price action is supported by this downward direction for the S&P 500 McO's 21-day SMA

stockcharts.com
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