To: rimshot who wrote (656 ) 8/27/2021 11:05:45 AM From: rimshot Read Replies (2) | Respond to of 1118 failed horizontal break ups, all around using daily charts with the prior all time record high noted on each index chart status so far today, 10:43 Eastern Friday August 27notable "slam down" for $OEX $COMPQ and a mild slam down for $NDX Nasdaq 100 intraday print for Advancers & Decliners, 11:00 a.m. Eastern:90 Advancing stocks vs. August 26 close 9 Declining 1 Unchanged source: SC using zero delay scan of 100 stocks in $NDX =================================59% = percentage of S&P 500 stocks above their 20-day EMA, Aug 26 close52% = percentage of S&P 100 stocks above their 20-day EMA, Aug 26 close ** both characterized by lower highs negative divergence in August vs. $SPX price action higher price highs in August stockcharts.com ======================================================================To: rimshot who wrote (34937 ) 8/27/2021 10:21:03 AM From: rimshot 1 Recommendation Read Replies (1) of 34971 plus 2215 = $NYAD day high, so far, just now printed ( sell SPY short signal / test of 448.86 from above is almost a sure bet, eventually ) stockcharts.com * does not conform to the WSJ #4505.16 = $SPX August intraday high so far / SPY 449.86 ================================================== SPY daily for 3 months with some of Scott's indicator settings - * bulls still have indicators needing to print daily closes which actually negate their current cautionary condition setup consistent lower highs over the days / weeks by the indicators are a strong negative divergence until actually negated by the chart location for the daily closes for each indicator stockcharts.com chart #2 - SPY daily 21,2 %B vigilance going forward has much merit for traders / investors stockcharts.com *** remember, the look-back mode on this chart is merely providing the daily close prints for the %B, not the full intraday highs or lows for the %B which are now invisible after the fact the 15,2 %B reveals the consistent selling / distribution during the intraday price highs each day in recent weeks SPY SCTR value above 90 is usually an advancing deal-killer only in the very near-term based on long-term history The Stockscharts Technical Rank (SCTR) assigns a value of zero to 99.99 , which shows how a stock ranks in terms of technical strength. The ranking utilizes past price performance, based on six technical criteria. A ranking of zero indicates the stock is the weakest in the group, technically speaking.