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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 (457)	5/7/2021 10:52:14 AM
From: rimshot	Read Replies (2) \| Respond to of 1118

$SPX -- May 7 daily resistance = 4219 / 4232 May 7 daily support = 4184 / 4171 4236.72 = HOD as of 10:52 a.m. Eastern 4270 = long-term Fib extension upward target that is eventually possible, if Fib's matter this time $OEX daily 20-year chart history for the 63,2 Bollinger %B and for the 200,1 Bollinger Band and for the $OEX # new highs & # new 52-week price lows stockcharts.com * bulls are OK with this general new highs count for New 52-week price highs though it is noteworthy that the May 6 spike in the New high count resides below prior spike highs in the count ( 28 on May 6 vs. 29 earlier ) * on a relative basis, the $OEX is under performing the $SPX for a number of weeks, based on the evidence provided by the $OEX vs. $SPX daily ratio shown on this chart ... can the remaining 400 stocks in the S&P 500 index carry the work load for further gains above $SPX 4237 level without additional future daily percentage performance assist from the 100 $OEX stocks?