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

To: rimshot who wrote (66)	10/3/2014 1:55:54 PM
From: rimshot	Read Replies (1) \| Respond to of 1118

RSP - $76.03 = the 38.2% upside retracement value of the recent decline distance from the daily close high at $78.05 and the close low at $74.78 on October 1. And today's October 3rd high so far remains below this level, so the folks who are already labeling the bounce off Thursday's intraday SPY and RSP low as a high-odds lasting "V-bottom" outcome are premature. Especially since we remain a sizable % distance below the 50% upside retracement level. * The most recent price action has not yet negated the intermediate trend bearish trading bias for the price and A-D chart metrics. SPY daily chart shown below for context: "MECHANICAL TIMING SIGNALS COMPARISON DecisionPoint features two mechanical timing signals in our reports: The longer-term Price Momentum Model (PMM) and the short-term PMO (Price Momentum Oscillator) crossover signals. We apply these models to every stock in a given index, then we summarize the percentage of stocks in that index that are on buy signals. (On the Dow Jones US Sector chart we perform the same analysis on a group of 112 sector indexes.) These charts allow us to compare the status of the short- and longer-term timing models in order to assess internal trends and to identify overbought/oversold conditions." - StockCharts.com * the daily Percent Buy Index has much room to the downside, if the August low is violated in the future

To: rimshot who wrote (66)	10/7/2014 6:23:02 PM
From: rimshot	Respond to of 1118

The daily S&P500 McClellan Summation index value rests at -68 as of October 7. ( McSum = +8 on October 6 ) Today, October 7th, represents day #1 for the first "failure event" during 2014 when declines test the McSum zero line region in 2014 -- Feb, Aug, and October. McSum zero line violations for the S&P500 index took place in Aug/Sept 2013 ... Oct/Nov/Dec 2012 ... and April/May/June 2012.