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 689.49

0.0%

Jan 8 4:00 PM EST

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To: rimshot who wrote (783)	10/29/2021 11:34:59 AM
From: rimshot	Read Replies (1) of 1118

4586 / 4577 = $SPX daily support for Friday October 29 with: * downmax target at 4564 and * am expecting 4535 to likely be tested before resuming the possible upward path toward 4720's ( /ES traders using Volume profile considerations are expecting /ES 4530 to be tested from above ) 4598.53 = record intraday price high printed Tuesday October 26 impt Note - veteran index futures traders have a hard & fast rule of price action interpretation in use over the decades, and that is $NDX prints its record high and declines at least one day before a major declining sequence starts for $SPX / SPY ... meaning, SPY is subject to a bull trap scenario for at least one day following a decline off the QQQ record high is already in motion Message #783 from rimshot at 10/28/2021 9:04:26 AM $SPX 4562 / 4570 = daily resistance today 4541 / 4534 = daily support today 4569.74 = current value of the $SPX weekly 15,2 upper Bollinger Band as of the October 27 close Odds are we have more selling toward at least 4535 to 4496 before heading higher * multi-distribution volume profile has been in play for a # of days for the /ES futures ... /ES 4560 is a key intraday target price level that traders will vigilance watch during the day session $SPX daily closes chart - stockcharts.com $SPX weekly with 15,2 Bollinger Band & with the status of the Silver Cross conditions for multiple indices - stockcharts.com $NYA weekly chart focusing on the now brief horizontal breakout's ongoing chart status - stockcharts.com ======================================================= $SPX overall plan as of very early a.m. October 27, Wednesday: $SPX price action has not yet confirmed the potential breakout toward the $SPX 4720 region * daily price candle pattern as of the October 26 close is typical of a minor trading high 4584 / 4591 = daily resistance 4566 / 4559 = daily support Message #749 from rimshot at 10/20/2021 1:24:02 PM $SPX daily resistance has been shrinking which indicates a trend change is coming 4527 / 4533 = daily resistance today 4512 / 4507 = daily support today

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