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Re: rimshot post# 16579

Tuesday, 11/08/2016 10:49:23 AM

Tuesday, November 08, 2016 10:49:23 AM

Post# of 41222
SPY 213.51 to 213.68 = the next higher must-hold above price levels for the continued bullish case at any future higher price levels that may take place vs. the Monday November 7, 2016 bounce high of SPY 213.19 in the 6.5- hour day session
( 213.40/.50's was often printed in Monday's extended session 4 hours following the day session close

*this is my personal chart interpretation of the several adaptive
chart settings I am using on the 60-min and daily and weekly charts

Note - the chart settings I am using for these price values are adaptive and will change as the hours/days progress

Important to consider: the lower weekly 20,2 Bollinger Band vs. price action by $NYA, RUT, $SPX, $SPXEW $OEX, $NDX, $COMPQ, $MID, $SML, $WLSH, $VLE

NYA weekly chart, with selected other indices:

* Note the confluence for the current NYA price location by -
1. the 50-week sma
2. the 20,2 lower Bollinger Band
3. a newly printed long-term potential 6 times bottom price level region printed again on Friday November 4, 2016 close vs. the prior
weekly close low when looking left on this chart

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