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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 685.66+0.2%4:00 PM EST

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To: rimshot who wrote (318)2/26/2021 7:12:44 PM
From: rimshot  Read Replies (3) of 1118
 
$SPX daily chart Link & comments - it is possible the selling action in US equities
is only getting started in earnest,
though the chart below will need to further deteriorate at some future set of weeks
daily $SPX price action with Carl Swelin's ITBM and ITVM advance-decline breadth
and advance-decline volume indicators, which are just now violating their 10-day EMA

stockcharts.com

the weekly Point & Figure charts for ITBM and ITVM provide time efficient examinations for each of the indices,
in terms of relative location to prior highs and lows and relative to the ITBM / ITVM zero line

* upon reviewing these PnF charts for each index after the Thursday Feb 25 close,
the potentially serious downside danger is only recently becoming real
and increasingly probable as an outcome

chart #2: weekly Point & Figure chart for the S&P 500 IT Breadth Momentum indicator -

c.stockcharts.com[PA][D][F1!3!!!2!20]&r=5680&pnf=y

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

3855.36 = $SPX potential next upper bull/bear divider

in play for Friday Feb 26 & future days .. bullish for more up with probable upward
Staying Power only if a lasting hold above 3855.36 occurs

3870 = next upper level of importance, if seen Feb 26 or in the future

$SPX daily closes chart with cumulative net A-D breadth & A-D volume lines for the S&P 500 index -

stockcharts.com





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