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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 (323)	2/28/2021 10:22:48 AM
From: rimshot	Read Replies (1) \| Respond to of 1118

re-write of earlier post for improved clarity / accuracy - here is the RSP Point & Figure chart, especially relevant now that RSP recently printed a new all-time record price high - this chart will be useful vigilance in the coming weeks / months since it represents the Equally Weighted version of SPY - c.stockcharts.com chart #2 - S&P 500 daily cumulative net Advancers minus Decliners line - * the A-D line customarily briefly touches or violates its 200-day EMA only as a setup for highly probable V-bottom price action, or if the cumulative net A-D line holds for multiple days or weeks below its 200-day EMA there exists sinister index internals in play that keep price action in limbo about how long before upward movement reappears for the price action stockcharts.com chart #3 - late September 2020 saw the $SPX price low occur on a V-bottom basis when the S&P 500 index cumulative net Advancers minus Decliners line V-bottom took place very near its daily 50,2 lower Bollinger Band - stockcharts.com chart #4 - $OEX daily with the S&P 100 index cumulative net Advancers minus Decliners line, which has recently declined after printing its new all-time record A-D line high - * the bullish case for $OEX price action depends upon the A-D line remaining above its 39-day EMA for multiple weeks/months in the future stockcharts.com chart #5 - four basic & actionable daily $SPX moving averages for future vigilance - stockcharts.com