$SPX daily closes chart with 126,2 Bollinger Band -
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* TSI turning down below its signal line late this week is a bearish
condition while it lasts, so odds are greater than 50 /50 the $SPX price
decline will continue while the TSI is declining
126 days for the BB setting = 6 months of trading days
chart #2 - $OEX daily -
* $OEX is likely to continue to decline while price remains
below Monday's July 12th intraday low of 2005.33
* the Friday July 9th $OEX low remains the next potential lower bull / bear divider
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chart #3 - $SPX 4336.02 = 15-day SMA, as of Friday July 16 close
$SPX daily showing 8 months of history for
the 15-day SMA, 55-day EMA & 50-day EMA -
* notice the currently declining daily RSI-14 *
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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
chart #4 - $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
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chart #5 - 4235.25 = $SPX 55-day EMA, as of Friday July 16 close
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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 for impending $SPX directional shifts are not always provided
in advance using these chart settings
chart #6 - $SPX daily with one focus being the highs & lows
seen by the McClellan Oscillator value
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