$SPX daily showing 8 months of history for
the 55-day EMA and 50-day EMA -
stockcharts.com
15,2 Bollinger Band is shown, and bulls ideally want to see the ATR declining
this is ATR setting favored by Arthur Hill, CMT, which uses the
20-day EMA as the signal line
$SPX and $OEX daily closes history vs. the 55-day EMA
shown within the context of:
# of new 52-week highs & lows for $SPX and
# of new highs for $OEX and
the net # of new highs for $SPX minus the $OEX count
stockcharts.com
4145.90 = $SPX 55-day EMA, as of Friday June 18th close
stockcharts.com
above daily chart represents in advance heads-up for producing Alerts
applicable to bulls & bears over time
the $SPX daily closes chart is displayed with:
* the 3 and 89,2 EMA smoothing of the invisible
55,2 %B for the invisible inverted $VXO
* adds at the chart bottom
the pure & not smoothed 55,2 %B for the invisible inverted $VXO
* potentially actionable items are:
1. the white and dashed green horizontals
placed on the 55,2 %B portion of the chart scale, as well as
2. the 3 EMA crossing above or below the 89,2 EMA thereby treating
the 89,2 EMA as the signal line, as well as
3. the 3 EMA and/or the 89,2 EMA crossing above or below the 0.50 dashed green horizontal placed
on the 55,2 %B portion of the chart scale
** the actual timing in advance of any bullish OR bearish
directional slope divergence events by the smoothed 55,2 %B
compared to the simultaneous price direction by $SPX is likely the most important aspect
of this tool set **
Alerts of impending $SPX directional shifts are not always provided
in advance using these chart settings
chart #4 - $SPX daily McClellan Oscillator value on June 17 & 18 resides
within the horizontal "buy zone" commonly seen during garden variety $SPX price declines
during 2020 through June 2021
stockcharts.com
* the most reliably bullish future scenario I can imagine for the coming days / weeks
is if the S&P 500 McO eventually sets up a more than marginally sized
positively divergent McO higher low, while the $SPX prints a simultaneous lower daily close low
Note - McO is the daily delta between the 39 and 19-day EMA's for the
cumulative net A-D breadth line for the S&P 500 index |
