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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016 -- Ignore unavailable to you. Want to Upgrade?


To: rimshot r2d2 who wrote (55)10/2/2014 1:42:51 AM
From: rimshot  Read Replies (1) | Respond to of 1118
 
chart #1 Banking index daily chart, followed by weekly chart:

* the BKX price action downside violated the $71.45 key horizontal, the 55-day ema,
and the 89-day ema on the single day of October 1, 2014 ... a bearish trading bias
is confirmed for the BKX while price rests below all three of these metrics



chart #2 - the BKX weekly closes chart:

* the 34-week ema has contained the prior weekly close lows during
2013 to 2014, with two exceptions in 2014: