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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts

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To: rimshot who wrote (17368)2/5/2021 12:02:32 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

   of 96840
 
# of new 52-week price highs for $SPX needs to significantly improve
in order to actually produce future upward price action with Staying Power

daily # of new 52-week intraday price highs for the S&P 500 index -

stockcharts.com

end of day review daily chart showing the S&P 500 index cumulative net Advancers minus
Decliners line with the 50,2 Bollinger Band -

* bulls optimally want to see the A-D line hug a rising upper Bollinger Band for multiple weeks

stockcharts.com

Message #17368 from rimshot at 2/5/2021 10:36:43 AM

$SPX entered today up 4.2% in four days.
At today's 3891.69 high so far, it was up 4.8% for the week.

* S&P 500 index has closed up 4 days in a row as of Thursday.

Hasn't made 5 in a row since August 2020 (made it to 7 in a row then)
via Ryan Detrick, CMT

SPY 15-minute -

stockcharts.com

$SPX 2-hour chart -

stockcharts.com

Message #17343 from rimshot at 2/5/2021 9:36:09 AM

$SPX - Feb. 5th daily support = 3861/3852 & potential resistance = 3883/3891

* highest odds = 3889 to be seen at least briefly today, Friday Feb. 5th
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