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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts
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ajtj99
To: rimshot who wrote (13188)12/17/2020 6:57:08 AM
From: rimshot1 Recommendation   of 97611
 
SPY is not likely to hold above the daily 126,2 upper Bollinger Band
value which is now 372.81 for a period of consecutive hours or days,
at least in the very near term, imo

it will be a firmly bullish condition only while it lasts if the SPY daily closes actually
print values for consecutive days that reside on SPY charts very near a rising
126,2 and 63,2 upper Bollinger Band chart location

SPY daily closes chart with the 126,2 Bollinger Band setting ( 6 months of trading days ) -

stockcharts.com

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

Message #13188 from rimshot at 12/16/2020 4:19:10 PM

SPY 372.81 = December 16th closing value for the 126,2 daily upper Bollinger Band value,
charted at the bottom of this daily chart, whose upper elements have not yet updated
to today's current closing values

stockcharts.com

* in this chart the bulls MUST see the %B hold above the 0.50 horizontal line
in order to believe with reliable confidence in the high probability for future upward Staying Power

because there is adequate participation in price advances by
enough of the 500 stocks within the S&P 500 index

126 days = 6 months of trading days price action
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