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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 (361)3/12/2021 5:43:40 PM
From: rimshot  Respond to of 1118
 
SOXX daily -

* showing serious RSI-14 lower highs Negative Divergence
at the time of the February & March 2021 higher price highs by SOXX ...
firmly bearish condition if the SOXX RSI-14 eventually holds below the 40 level for
multiple days/weeks

* and the SOXX vs. SPY ratio has definitely seen a near-term topping chart event

stockcharts.com



To: rimshot who wrote (361)3/15/2021 9:06:52 AM
From: rimshot  Read Replies (2) | Respond to of 1118
 
$SPX failed double-top breakout?

March 11 - was it simply a brief hunting exercise of the /ES and SPY buy stops?

buy stops that were located above the Feb 16 intraday high for $SPX
( Feb 15 = President's Day stock market holiday, which
did not entirely apply to index futures trading )

$SPX daily Point & Figure chart -

c.stockcharts.com[PA][D][F1!3!1.0!!3!20][J,Y]&pnf=y

chart #2 - S&P 500 cumulative net Advancers minus Decliners line
resides at or very near the customary decline initiation level
as evidenced in the history visible for the A-D line's 50,2 %B
and 21,2 %B

stockcharts.com

the March 12 count of net Advancers minus Decliners was a positive 198 count, FYI for look-back purposes

chart #3 SPY daily with analysis of the ROC25 moving average crossover for directional
confirmation pointing to whether or Not we now see probable upward Staying Power by the ROC25 and by SPY price action -

stockcharts.com

SPY 395.05 to 391.25 - 16-hour high & low - Tuesday Feb 16, 2021

vs.

SPY 395.65 Thursday March 11, 2021 intraday high

chart #4 - $OEX seriously lagging the SPY / $SPX March price advance,
which represents an important negative divergence until proven otherwise
by actual upward $OEX price action-

stockcharts.com