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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 672.07-1.7%4:00 PM EST

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To: rimshot who wrote (200)12/19/2020 8:35:30 PM
From: rimshot  Read Replies (2) of 1118
 
9 pages of "live-updating" charts having at least a 15-second delay when
you refresh your browser while viewing a chart in this collection containing the history
of my very brief technical timing interpretation comments -

stockcharts.com

charts in the Link above display cumulative Advance-Decline breadth lines
which are the cumulative total of daily net Advance-Decline values

Common Stock Only indicators for the NYSE are calculated using only the # of stocks
for operating companies within the NYSE Composite Index (funds are excluded)
CSO indicators often present a more accurate internal picture for the NYSE Composite Index
The NYSE All Issues indicators are calculated using all issues traded in the NYSE Composite Index

The McClellan Oscillator is the difference between the 19-EMA & 39-EMA of daily advances minus declines.
It reflects the short-term strength and direction of market liquidity.
A longer-term view is provided by the McClellan Summation Index, which is the cumulative total of the daily McClellan Oscillator values.
These indicators move within a trading range and often identify the overbought/oversold condition of the market

( McSum = McClellan Summation Index )


the dominant rule is: price will eventually follow the direction of the McSum,

except for brief periods of price divergence

The McSum is neutral at the zero line,
bullish while above,
and confirmed bearish while below zero

* the distance down to the McSum zero line currently represents
one objective measure of the minimum downside risk

Confirmed sell signals are a lasting decline below the McSum zero line,
though price action has usually declined by a large amount by the time
zero is reached from the McSum peak above.

Large distances between the McSum daily chart values represent
acceleration events in the A-D breadth decline or advance,
and the follow-on price impact has a high correlation with the McSum's direction,

and usually has several days staying power
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