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Strategies & Market Trends : SPY & QQQ intraday chart observations by rimshot
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To: rimshot who wrote (633)6/1/2022 6:47:41 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

   of 1309
 
S&P 500 daily cumulative net Advancers minus Decliners line -

* as of Friday May 27th, the A-D line resided in seriously Over Bought condition
based on years of history for this A-D line's 21,2 %B value, with the current negative interpretation
complimented by the A-D line's 50,2 %B 1.0 value not yet even closely approached

stockcharts.com

bulls need the A-D line to hold above its 21-day SMA and hold above its 50-day SMA during future declines,
OR
the lower Bollinger Band values for the A-D line are likely the next downward targets
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