SPY daily - 3 different Bollinger Band settings:
using the 15, 21 and 50 moving average as the BB centerline
* the direction of the NYAD's 7 ema, and whether it resides above or below the zero line influences the SPY price direction
chart #2 -
* the S&P 1500 index this week is testing the price level of
the December 26, 2014 high
* the uptrend has lasted all of October for the net new highs minus new lows for the S&P 1500 index -- bullish for the SPY price action until this trend actually reverses to the downside
using the 15, 21 and 50 moving average as the BB centerline
* the direction of the NYAD's 7 ema, and whether it resides above or below the zero line influences the SPY price direction
chart #2 -
* the S&P 1500 index this week is testing the price level of
the December 26, 2014 high
* the uptrend has lasted all of October for the net new highs minus new lows for the S&P 1500 index -- bullish for the SPY price action until this trend actually reverses to the downside
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