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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 (557)	8/1/2021 5:42:48 PM
From: rimshot	Read Replies (1) \| Respond to of 1118

70.34 = SPY weekly RSI-14 remains slightly above the 70 level, a bullish condition while it lasts 69.36 = QQQ weekly RSI-14 has violated the 70 level this week, now at 69.36 -- a minor caution 69.28 = $OEX weekly RSI-14 has violated the 70 level this week, now at 69.28 -- a minor caution 68.50 = $SPSUPX weekly RSI-14, residing below the 70 level since the final trading week's close in June 2021 62.55 = $NYA weekly RSI-14, residing below the 70 level for several weeks/months after briefly above in 2021 63.64 = $INDU weekly RSI-14, residing below the 70 level for several weeks/months after briefly above in 2021 * bulls want to see any future declines by the weekly RSI-14 hold above the important 60 level which represents the optimal bullish condition for the RSI-14 weekly closes, during relatively large percentage price corrections, though the 40 level is the most important RSI-14 level as an actionable bull / bear divider for daily & weekly & hourly charts ( Arthur Hill, CMT & David Keller, CMT have written extensively about these specific RSI levels ) "A remarkable advance for QQQ. 14-day RSI has been above 50 for 88 days. This is the fourth time in the last 20 years that the streak exceeded 80. It does not signal the end of the bull run, but does increase the odds for a correction of some sort." August 11, 2020 Arthur Hill, CMT @ArthurHill ============================================================= $COMPQ weekly RSI-14 has not resided above the 70 level at any weekly close during 2021