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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 675.37-1.2%4:00 PM EST

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To: rimshot who wrote (635)8/27/2021 10:11:57 AM
From: rimshot  Read Replies (2) of 1118
 
SPY daily for 3 months with some of Scott's indicator settings -

* bulls still have indicators needing to print daily closes which actually negate their
current cautionary condition setup

consistent lower highs over the days / weeks by the indicators are a strong negative
divergence until actually negated by the chart location for the daily closes for each indicator

stockcharts.com

chart #2 - SPY daily 21,2 %B vigilance going forward has much merit for traders / investors

stockcharts.com

*** remember, the look-back mode on this chart is merely providing the daily close prints
for the %B, not the full intraday highs or lows
for the %B which are now invisible after the fact

the 15,2 %B reveals the consistent selling / distribution

during the intraday price highs each day in recent weeks

SPY SCTR value above 90 is usually an advancing deal-killer only in the very near-term based on long-term history

The Stockscharts Technical Rank (SCTR) assigns a value of zero to 99.99,
which shows how a stock ranks in terms of technical strength.
The ranking utilizes past price performance, based on six technical criteria.
A ranking of zero indicates the stock is the weakest in the group, technically speaking.
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