SPY above $211.60 chart interpretation level is a required must hold-above level for today, in order to have lasting upside staying power into the daily close
* Note - this is based on chart settings which are adaptive with future price action, so the value will be different as the days progress
RSP, the Equally Weighted version of SPY, needs to hold above the $80.98 level, which is also based on a chart setting which adapts with the price action (RSP - 81.38 to 81.12 is the trading range, 13 minutes after today's open)
* the SPXEW daily chart below shows the November 4, 2016 low did not fully test its 200-day simple moving average:
* note it is very important to the future bullish case that the price hold above its rising 600-day simple moving average shown as the dashed black moving average
chart 1 -
chart 2 - the SPXEW daily closes chart provides data clarity important to both day and swing traders
* the indicators shown on this chart are useful, when paired with price action vs. the horizontals I have selected
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