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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 (137)	11/11/2020 2:24:37 PM
From: rimshot	Read Replies (2) \| Respond to of 1118

$NYA now resides in recent days near the upper Bollinger Band when using 21,2 and 15,2 Bollinger Band settings, as shown in the daily chart below which includes the 21,2 %B and 15,2 %B * bulls need the $NYA price action to routinely hug a rising set of upper Bollinger Bands or the price action is in serious danger of a decent percentage decline in the coming days/weeks stockcharts.com * Note the multi-month lower high pattern now in play for the NYSE McClellan Summation Index (operating companies only ) versus new multi-month highs printed this week by both the $NYA price action and by the NYSE cumulative net Advance-Decline line ( operating companies only )... this negative divergence needs to eventually be resolved to confirm the high probability for a future bullish outcome characterized by actual upward Staying Power