Wednesday, September 14, 2016 10:15:00 AM
SPY holding above $214.18 is now required for any intraday upside to have staying power
* context: "bear kiss" of the 50-day sma is now in play for two consecutive daily closes, as of the 9/13/2016 close ... this is one of the more reliable price pattern setups, so consider its implications for the near-term and for the long-term until the pattern is negated by actually closing back above the 50-day sma
also of interest:
* we are trying to hold a decline below the SPY 65-day sma for more than one day
six indices/ETF's vs. their 65-day sma:
NOTE: be sure you are using dividend-adjusted price history for charting SPY as provided by Stockcharts.com, unlike nearly all broker provided charting platforms which do not downward adjust the price charts for the impact of SPY quarterly dividends
* context: "bear kiss" of the 50-day sma is now in play for two consecutive daily closes, as of the 9/13/2016 close ... this is one of the more reliable price pattern setups, so consider its implications for the near-term and for the long-term until the pattern is negated by actually closing back above the 50-day sma
also of interest:
* we are trying to hold a decline below the SPY 65-day sma for more than one day
six indices/ETF's vs. their 65-day sma:
NOTE: be sure you are using dividend-adjusted price history for charting SPY as provided by Stockcharts.com, unlike nearly all broker provided charting platforms which do not downward adjust the price charts for the impact of SPY quarterly dividends
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