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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 (336)3/8/2021 1:34:45 AM
From: rimshot  Respond to of 1118
 
$SPX - S&P 500 index - declined 5.7% from its intraday high
in mid-February 2021 to its intraday low in the week ending March 5, 2021

* which represents the 1st minor correction since September 2020
and
was the 28th correction greater than 5.0% since the March 2009 intraday low print

S&P 500 index cumulative net Advancers minus Decliners line is shown in the main chart body,
and
the SPY and $SPX price action are shown below the A-D line -

* bulls need to defend the A-D line's 50-day SMA when tested from above
in the coming weeks / months
or
the A-D line and the S&P 500 index price action will likely fail to print an
immediate V-bottom formation at the future event
when the A-D line's 50 day SMA
is violated for more than 3 days

stockcharts.com