$NYA - today is the first daily close above the 100-day sma,
and the continued bullish case depends on the $NYA price
action eventually holding above the 100dsma for consecutive days
chart #1 -
chart #2 -
Bullish Percents index for the S&P 500 index is steadily advancing, and now resides near a key horizontal level which must be surpassed
(based on the 2010 to 2015 chart history)
* for the SPX price action to remain above its 100-day sma, the Bullish Percents index likely needs to remain above the 60% level
and the continued bullish case depends on the $NYA price
action eventually holding above the 100dsma for consecutive days
chart #1 -
chart #2 -
Bullish Percents index for the S&P 500 index is steadily advancing, and now resides near a key horizontal level which must be surpassed
(based on the 2010 to 2015 chart history)
* for the SPX price action to remain above its 100-day sma, the Bullish Percents index likely needs to remain above the 60% level
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