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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 685.66+0.2%Dec 5 4:00 PM EST

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To: rimshot who wrote (325)2/28/2021 3:51:23 PM
From: rimshot  Read Replies (1) of 1118
 
sequence of the major higher lows for the $SPX daily closes chart:

3236.92
3269.96
3557.54
3647.49
3700.65
3768.25
then the higher low pattern was violated in late January 2021 by the 3714.24 daily close print
which was later followed by a daily close low print of:
3811.15 - on February 26, 2021 - Friday

Message #19301 from rimshot at 2/25/2021 1:22:02 PM

3868.90 = $SPX 21-day SMA, as of Feb 25 1:20 pm Eastern ...
bulls need intraday bounces to surpass and hold above the 21 day

* losing 3870.90 horizontal is a big failure if it continues .. time will tell

stockcharts.com

Message #19283 from rimshot at 2/25/2021 12:39:11 PM

major $SPX ledge at approx. 3851 to 3855.56 using the daily closes chart ..
.a hold below for future daily closes will be at least a minor "bear event"

3805.65 = $SPX 50-day SMA
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