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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 690.270.0%4:00 PM EST

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To: rimshot who wrote (507)7/15/2021 8:32:56 AM
From: rimshot  Read Replies (2) of 1118
 
434.91 = SPY near-term bull / bear horizontal divider, which region has been touched
from above three times this week:
434.97 - Monday's low
434.93 - Tuesday's low printed just before the 8 pm extended hours close
434.91 - Wednesday's low
434.06 - Thursday's early pre-market low, so far

437.21 = SPY weekly 15,2 UBB value, as of the Wednesday July 14, 2021 close
vs. 437.92 new all-time record high achieved this week, which only briefly held above the weekly UBB

433.02 = 4-week SMA as of Wednesday's close
429.40 = 5-week SMA

stockcharts.com

* before this week, the weekly upper Bollinger Band location
had not been tested from below for a few months ...
bulls do not want to see an immediate Tap & Down action from the region of the weekly UBB

** bulls want to see SPY future price action tightly hug a rising UBB,
especially since the 15,2 setting is faster than the standard 20,2 BB setting

Message #467 from rimshot at 5/8/2021 11:41:23 AM

SPY weekly closes chart with the focus on the 5-week SMA -

stockcharts.com

* vigilance watch the weekly Full Stochastic as it develops
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