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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 (156)	11/14/2020 11:11:20 AM
From: rimshot	Respond to of 1118

in the Friday evening free newsletter update by old-timer options trader Larry McMillan, he points out the $SPX bulls need price to hold above the 3588 level to prove their case has actual upward Staying Power - stockcharts.com SPY 356.27 is a key must-hold above level on a daily close basis - * notice the 21-day smoothing of the S&P 500 McClellan Oscillator remains below the McO's zero line, which is a firmly bearish condition until it resolves stockcharts.com the 10-day differential of the net new highs minus new lows for the S&P 500 index is now briefly rising, but remains below the October 2020 high for this differential plot, which needs to resolve in order for the bulls to have more confidence in the future probability of upward Staying Power stockcharts.com Message #11434 from rimshot at 11/13/2020 2:54:01 PM until proven otherwise by actual future price action for the five indices displayed below the main chart body, the horizontal resistance where the five indices are topping for now is what is in play stockcharts.com sure, something is going to change for all the price elements on this chart