InvestorsHub Logo
Followers 84
Posts 9226
Boards Moderated 4
Alias Born 09/07/2007

Re: rimshot post# 16579

Saturday, 11/05/2016 10:32:25 AM

Saturday, November 05, 2016 10:32:25 AM

Post# of 41217
kissing some of the 200-day sma's

chart 1 -



chart 2 -

% change since 12/31/2014, for $SPX and for SPY;
SPY includes the quarterly dividend payments while $SPX does not include them

* SPY has declined 4.6% as of November 4, 2016 using the intraday price high achieved in August 2016 vs. the November 4th intraday low



chart 3 -

SPX and RUT weekly within the 70,2 BB channel:

* SPX $2048 = the 38.2% retracement level of the major advancing sequence

* bearish confirmation occurs only when a weekly price close that is more than 3% below the SPX or SPY 70-week sma



Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.