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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 690.38+0.4%Dec 24 4:00 PM EST

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To: rimshot who wrote (451)5/6/2021 6:15:29 PM
From: rimshot  Read Replies (1) of 1118
 
$SPX daily closes chart showing the prior lows for the
21,2 BandWidth compared to the BandWidth closing value on Thursday
May 6, 2021
and showing the daily New Highs minus New Lows Differential Percentage for four indices -

stockcharts.com

* the 21,2 daily BandWidth now approaches the general region of prior BandWidth lows
in recent years ...

John Bollinger, CFA, CMT writes in his Bollinger on Bollinger Bands book that
often, though not always, the 1st directional move out of a Bollinger Band narrowing event is a
brief "false" move and the eventual directional move is in the opposite direction
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