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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 (433)	5/1/2021 12:21:34 PM
From: rimshot	Read Replies (1) \| Respond to of 1118

$SPX daily with 63,2 Bollinger Band and with Carl Swenlin's ITBM ( net A-D Breadth Momentum ) and ITVM ( net A-D Volume Momentum ) and with Carl's Price Momentum Oscillator - stockcharts.com S&P 500 index ITVM ( Volume Momentum ) by Carl Swenlin moving sideways all of April 2021 is an important red flag that calls attention to this high-priority vigilance item going forward .. the ITVM is eventually going to choose a direction * ITBM is customarily maximum over bought in the plus 200 to 233 region, over the decades $SPX daily displaying 3.5 years history for PMO, ITBM and ITVM - stockcharts.com ITBM explained - school.stockcharts.com ITVM explained - school.stockcharts.com ============================= The following is a quote from a 2004 Ned Davis Research study: "Nearly all cyclical market peaks have negative breadth divergences, which means that when the stock market prices hit new cyclical highs, the Advance/Decline Line, new highs, and/or volume had peaked earlier. The trick is to know when the divergences are meaningfully bearish. Most technicians say they are meaningful after some 3-6 months, but the lead time was a year in 1928-1929, and two years in 1998-2000; therefore, I find an arbitrary time limit unsatisfying." They studied the NYSE AD Line relative to it's 32 week MA from 1965-2004 and concluded that: when the AD Line is above 104% of it's 32WMA, the NYSE Composite has gained at an annual rate of 19.9% on average when the NYSE AD Line is below 97% of its 32WMA, the NYSE composite declined at an annual rate of -14.8% on average ============================ among others, the $NYUD and $NAUD cumulative versions merit close examination as the weeks progress - technicalwatch.com Dave Breslaw updates this chart set every weekend, in most cases