SPY Advance - Decline data for 2014 through 2016 Message Board

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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016

SPY 690.31

0.0%

Dec 26 4:00 PM EST

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To: rimshot who wrote (562)	8/3/2021 9:10:55 AM
From: rimshot	Read Replies (2) of 1118

4399 / 4408 = $SPX Tuesday August 3 daily resistance with 4422 as the upward maximum resistance level * if today closes above resistance, the odds are the sideways correction is complete and if not then we need an up wave and a down wave more to finish the sideways action over time $SPX 4387.16 = Monday's close & 4422.18 Monday's high $SPXEW weekly - Tap & Down action is in play as of Monday for day #1 as today's new record high of 6261.47 approached the region of the weekly 15,2 upper Bollinger Band & then reversed down * bears must see downward follow through, or Monday is possibly a one-day decline event 6152.59 = the EW 4-day SMA, not yet tested from above stockcharts.com Message #562 from rimshot at 8/2/2021 8:42:44 AM 4402 / 4408 = $SPX potential daily resistance Monday August 2 4400-4430 = weekly resistance 4380-4350 = weekly support * 4470 to 4500 = potential upward target #1, if $SPX 4427 is surpassed ... odds favor that a sideways correction continues so what happens today is important to the pattern daily $SPX - stockcharts.com * 4371.58 = 15-day SMA current value, as of Friday's July 30 close * a complete absence of daily closes below the RSI-14 important 40 level during 2021 4363.71 = 21-day SMA current value, as of Friday's July 30 close stockcharts.com

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