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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: rimshot who wrote (34963)

8/27/2021 10:40:01 AM

From: rimshot

2 Recommendations

Recommended By
ajtj99
Lou Weed

Respond to of 97611

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 27

notable "slam down" for $OEX $COMPQ and a mild slam down for $NDX

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59% = percentage of S&P 500 stocks above their 20-day EMA, Aug 26 close

52% = 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

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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 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.