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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?


To: rimshot who wrote (15268)1/14/2021 12:32:22 PM
From: rimshot  Read Replies (2) | Respond to of 97912
 
is it a bullish or a bearish fact the $SPX has been strongly under performing the $NYA price action
since the late August 2020 peak for the $SPX to $NYA ratio? ...

the ratio lows printed in 1st half 2019 are a large distance much lower than the January 2021
multi-month ratio low recently printed

the ratio's May 2008 ratio low is shown in this daily chart for the period 2007 to 2009 ... scroll to the bottom of the chart -

stockcharts.com



To: rimshot who wrote (15268)1/14/2021 12:48:02 PM
From: rimshot  Read Replies (2) | Respond to of 97912
 
wondering how likely it is we see 35 to 50 $SPX points down today before the close?

I do see at least 6 chart reasons that size decline is at least possible

nearly no one is expecting such to occur

SPY 373.88 is one level bulls must defend, if and when tested from above



To: rimshot who wrote (15268)1/14/2021 2:58:28 PM
From: rimshot1 Recommendation

Recommended By
ajtj99

  Read Replies (3) | Respond to of 97912
 
possible SPY 379.65 new low of day may be it for the day ( only 40% odds the low sticks )

hourly -

stockcharts.com