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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 (616)8/21/2021 1:00:22 AM
From: rimshot  Respond to of 1118
 
SPY weekly showing 1 year and 3 months history with
the focus on the 4-week SMA and marking the recent intraday price high & low -

stockcharts.com



To: rimshot who wrote (616)8/21/2021 11:28:38 AM
From: rimshot  Read Replies (1) | Respond to of 1118
 
NYSE McClellan Summation index:

stockcharts.com

1. NYSE McSum -- testing the zero line from above is now ongoing
( zero line represents the ultimate bull / bear divider for medium-term & long-term trading / investing strategy styles

2. NYSE McSum -- re-testing the most recent multi-month low is now underway

( horizontal analysis as well as trend line analysis is a legitimate directional bias input
to the risk / reward assessment for the probable durability of
McSum negative or positive divergences vs. the US equity market's
current price direction )

see below for the overall explanation:

cumulative Advance-Decline breadth lines
are the cumulative total of daily net Advance-Decline values

Common Stock Only indicators for the NYSE are calculated using only the # of stocks
for operating companies within the NYSE Composite Index (funds are excluded)
CSO indicators often present a more accurate internal picture for the NYSE Composite Index
The NYSE All Issues indicators are calculated using all issues traded in the NYSE Composite Index

The McClellan Oscillator is the difference between the 19-EMA & 39-EMA
of daily advances minus declines.
It reflects the short-term strength and direction of market liquidity.

A longer-term view is provided by the McClellan Summation Index,
which is the cumulative total of the daily McClellan Oscillator values.
These indicators move within a trading range and often identify the
overbought/oversold condition of the market

( McSum = McClellan Summation Index )

the dominant rule is: price will eventually follow the direction
of the McSum, except for brief periods of price divergence

The McSum is neutral at the zero line,
bullish while above,
and confirmed bearish while below zero

* the distance down to the McSum zero line currently represents
one objective measure of the minimum downside risk

Confirmed sell signals are a lasting decline below the McSum zero line,
though price action has usually declined by a large amount by the time
zero is reached from the McSum peak above

Large distances between the McSum daily chart values represent
acceleration events in the A-D breadth decline or advance,
and the follow-on price impact has a high correlation with the McSum's direction,
and usually has several days staying power



To: rimshot who wrote (616)8/22/2021 6:44:52 PM
From: rimshot  Respond to of 1118
 
/ES 30-day Volume by Price look back shown on this 30-minute chart,
along with the Fibonacci upward bounce levels marked for:

* the price distance between Thursday's all-session's low printed at approx. 4:40 a.m. Central
time & the prior Monday's new all-time record price high -

4448.xx = 78.6% upward retrace level & bulls need to see a lasting hold with upward Staying Power above
the 4448-4449 level



Message #616 from rimshot at 8/20/2021 11:31:31 PM

10-day look back for the Volume by Price profile shown on the chart's right margin --
30-minute /ES futures chart showing the entire week ending on Friday August 20, 2021




To: rimshot who wrote (616)8/22/2021 9:58:55 PM
From: rimshot  Respond to of 1118
 
duplicate post



To: rimshot who wrote (616)8/22/2021 10:01:05 PM
From: rimshot  Read Replies (1) | Respond to of 1118
 
90-day look back for the Volume by Price profile shown on the chart's right margin --
5-minute /ES futures chart which includes:

* be alert to future price action vs. the 90-day Low Volume node price locations
& ditto for the High Volume node price locations

Monday's August 23rd RTH and all-hours intraday Pivot values
and the 4420.58 Weekly Pivot value in play for the entire week ending August 27

( Jerome Powell speaks to public from the Jackson Hole modified Symposium at 10:00 a.m. Eastern August 27 )