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Re: GLENO34 post# 16577

Wednesday, 03/23/2016 12:32:38 PM

Wednesday, March 23, 2016 12:32:38 PM

Post# of 40913
SPY daily with 4 internals for the SPX, and with
1 internal for the $NYA

* the upper price gaps yet to be filled by the SPY advance off the February 12th low are marked with horizontal blue lines

!ADLINESPX = the cumulative Advance-Decline breadth line for the S&P500 index, and this A-D line achieved a new all-time high on Friday March 18, 2016 ... in the near-term, look for whether the 50,2 upper Bollinger Band for this A-D line continues to have a rising slope which will be the characteristic that the A-D line advance is likely to continue
( since November, 2014 - the A-D line's upper Bollinger Band has not been able to maintain a rising slope while at the same time the A-D line rises with the upper BB for more than approx. 2.5 weeks; so a character change for this specific metric in 2016 will be a highly reliable clue for the ongoing price direction )

Glen - please consider making this post a sticky since it highlights key information related to risk/reward evaluation and the underlying technical condition of specific internals

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