SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 689.17+0.2%Dec 11 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: rimshot who wrote (361)3/15/2021 9:06:52 AM
From: rimshot  Read Replies (2) of 1118
 
$SPX failed double-top breakout?

March 11 - was it simply a brief hunting exercise of the /ES and SPY buy stops?

buy stops that were located above the Feb 16 intraday high for $SPX
( Feb 15 = President's Day stock market holiday, which
did not entirely apply to index futures trading )

$SPX daily Point & Figure chart -

c.stockcharts.com[PA][D][F1!3!1.0!!3!20][J,Y]&pnf=y

chart #2 - S&P 500 cumulative net Advancers minus Decliners line
resides at or very near the customary decline initiation level
as evidenced in the history visible for the A-D line's 50,2 %B
and 21,2 %B

stockcharts.com

the March 12 count of net Advancers minus Decliners was a positive 198 count, FYI for look-back purposes

chart #3 SPY daily with analysis of the ROC25 moving average crossover for directional
confirmation pointing to whether or Not we now see probable upward Staying Power by the ROC25 and by SPY price action -

stockcharts.com

SPY 395.05 to 391.25 - 16-hour high & low - Tuesday Feb 16, 2021

vs.

SPY 395.65 Thursday March 11, 2021 intraday high

chart #4 - $OEX seriously lagging the SPY / $SPX March price advance,
which represents an important negative divergence until proven otherwise
by actual upward $OEX price action-

stockcharts.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext