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 681.89

+0.3%

Oct 31 5:00 PM EST

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To: rimshot who wrote (1003)	6/12/2022 11:10:01 PM
From: rimshot	Read Replies (2) of 1118

day #1 violation of the 200-day EMA by the respective A-D lines took place on June 10 for: S&P 500, S&P 100 ( A-D line rests only 16 cents above 200-day EMA), S&P Mid Cap, Dow Jones Industrials day #2 violation of the 200-day EMA by the Nasdaq 100 A-D line took place on June 10 multi-week violation of the A-D lines' 200-day EMA is now in play for: NYSE common stocks only, NYSE all issues, S&P Small Cap, Nasdaq Composite * what is technically most interesting is that in combo with the day #1 or day #2 violation of the 200-day EMA by several A-D lines is that the McClellan Summation index for several indices is resting slightly above and nearly on the respective zero lines ... meaning we are either going to see another fewweeks of down immediately OR we are going to see within a few days that price action for multiple indice actually fights for a period of upward movement Summary Explanation for those interested: charts being viewed for above data review display cumulative Advance-Decline breadth lines which are the cumulative total of daily net Advance-Decline values Common Stock Only indicators for the NYSE are calculated using only the # of stocks for operating companies within the NYSE Composite Index (funds are excluded) CSO indicators often present a more accurate internal picture for the NYSE Composite Index The NYSE All Issues indicators are calculated using all issues traded in the NYSE Composite Index The McClellan Oscillator is the difference between the 19-EMA & 39-EMA of daily advances minus declines. It reflects the short-term strength and direction of market liquidity. A longer-term view is provided by the McClellan Summation Index, which is the cumulative total of the daily McClellan Oscillator values. These indicators move within a trading range and often identify the overbought/oversold condition of the market ( McSum = McClellan Summation Index ) the dominant rule is: price will eventually follow the direction of the McSum, except for brief periods of price divergence The McSum is neutral at the zero line, bullish while above, and confirmed bearish while below zero * the distance down to the McSum zero line currently represents one objective measure of the minimum downside risk Confirmed sell signals are a lasting decline below the McSum zero line, though price action has usually declined by a large amount by the time zero is reached from the McSum peak above. Large distances between the McSum daily chart values represent acceleration events in the A-D breadth decline or advance, and the follow-on price impact has a high correlation with the McSum's direction, and usually has several days of directional staying power

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