Monday, September 12, 2016 2:23:29 PM
SPY $216.25 = the make or break level for the bullish case
a hold above 216.25 is required for upside staying power, otherwise
consider today's bounce a near-term event that will likely be faded
(horizontal analysis)
time will tell
* the SPY 50dsma and 50dema are nearby
the Advance-Decline line for SPX shown below updates once daily, after each day's close -
* will the pattern continue in 2016 that declines actually reverse to the upside after testing the 39-day ema and the 50-day sma for the SPX's A-D line?
a hold above 216.25 is required for upside staying power, otherwise
consider today's bounce a near-term event that will likely be faded
(horizontal analysis)
time will tell
* the SPY 50dsma and 50dema are nearby
the Advance-Decline line for SPX shown below updates once daily, after each day's close -
* will the pattern continue in 2016 that declines actually reverse to the upside after testing the 39-day ema and the 50-day sma for the SPX's A-D line?
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