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%

4:00 PM EST

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To: rimshot who wrote (166)

11/18/2020 4:03:00 PM

From: rimshot

Read Replies (1) of 1118

$SPX 3537.01 = the next prior daily close low marker for the bears to approach,
and actually hold the price action below this level for multiple days/weeks

$SPX daily closes chart -

stockcharts.com

* the $SPX 5-day EMA is initial resistance during future bounces

==================

Message #166 from rimshot at 11/16/2020 11:16:36 AM

$SPX daily closes chart is now briefly constructive for the bullish case when
looking left toward the September 2020 price levels ... bulls must
see price action remain at the newly elevated levels to have any
degree of upward Staying Power as a high probability future outcome -

stockcharts.com

* the next three to five weeks of daily closes will be important to the long-term
technical development of this chart

* XLY Consumer Discretionary Spyder remains slightly below its October 2020 daily close high at this moment on November 16 late morning,

and the continued bullish case for $SPX will be improved once this chart condition resolves

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To: rimshot who wrote (161)	11/16/2020 10:21:20 AM
From: rimshot	Read Replies (1) of 175

/ES 3668.00 is the contract high that was achieved early Monday morning November 9, 2020 vs. 3637.00 high today November 16, so far this morning 3645 and 3576 are must hold above levels for the very near-term bullish case to have any degree of upward Staying Power ======================== /ES 3628.80 = value of daily 21,2 upper Bollinger Band at the time of /ES settlement -- on Friday November 13 * the daily upper Bollinger Band was approached or surpassed only Monday morning through late afternoon Monday November 9 by the /ES price action, and not on Monday very late afternoon through Friday November 13 ... the Monday November 9 settlement price was approximately 40 points below the daily upper Bollinger Band value at the time

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