Friday, November 11, 2016 4:58:59 AM
SPX daily chart settings update to this overall chart thread, which was started at this board in March 2016:
Note: some of the comments below are a repeat for this daily SPX chart, though the chart has a new horizontal price line added for the November 10, 2016 SPX intraday price high
chart 1 - the SPX daily chart is showing that bulls need to achieve a lasting price advance above the several Moving Averages which are located in a relatively tight price range shown on the chart below ...
once a hold above these moving averages is actually achieved for multiple days going forward the bear scorch will likely accelerate:
1.) the speed and
2.) the advancing distance by which the future price
action moves to the upside
* if you think about: the 2008 to the end of 2014 - and the trending brutal SPX price advance, which was "the most hated rally of all time", then it is possible we will relive that again in the coming months as some folks are stuck and remain in disbelief mode ... if you want to make money, trade the price action because it is what it is. Nothing else matters. TA is all that matters. Predict only what is justified by sound and proven TA.
chart 1 -
chart 2 - what is most important here is the recent printing of new all-time highs for the cumulative Advance-Decline breadth lines shown for specific S&P500 industry sectors ... bulls want this A-D line upside action to continue OR at least a near-term price pullback for the S&P500 will be nearby
chart 3 - daily chart showing the S&P500 cumulative Advance-Decline line, and accompanying internals for the index
* too much important information in this one chart to review in a single post, so train yourself how to interpret each chart element ... I consider this one of the most actionable charts in all of my folders ... the combo of information in this single chart is powerful and reliable when considered together as the chart elements develop over time
Link for Extra level subscribers only -
http://stockcharts.com/h-sc/ui?s=%21NETADSPX&p=D&yr=1&mn=4&dy=0&id=p33286308736&a=422175840
Note: some of the comments below are a repeat for this daily SPX chart, though the chart has a new horizontal price line added for the November 10, 2016 SPX intraday price high
chart 1 - the SPX daily chart is showing that bulls need to achieve a lasting price advance above the several Moving Averages which are located in a relatively tight price range shown on the chart below ...
once a hold above these moving averages is actually achieved for multiple days going forward the bear scorch will likely accelerate:
1.) the speed and
2.) the advancing distance by which the future price
action moves to the upside
* if you think about: the 2008 to the end of 2014 - and the trending brutal SPX price advance, which was "the most hated rally of all time", then it is possible we will relive that again in the coming months as some folks are stuck and remain in disbelief mode ... if you want to make money, trade the price action because it is what it is. Nothing else matters. TA is all that matters. Predict only what is justified by sound and proven TA.
chart 1 -
chart 2 - what is most important here is the recent printing of new all-time highs for the cumulative Advance-Decline breadth lines shown for specific S&P500 industry sectors ... bulls want this A-D line upside action to continue OR at least a near-term price pullback for the S&P500 will be nearby
chart 3 - daily chart showing the S&P500 cumulative Advance-Decline line, and accompanying internals for the index
* too much important information in this one chart to review in a single post, so train yourself how to interpret each chart element ... I consider this one of the most actionable charts in all of my folders ... the combo of information in this single chart is powerful and reliable when considered together as the chart elements develop over time
Link for Extra level subscribers only -
http://stockcharts.com/h-sc/ui?s=%21NETADSPX&p=D&yr=1&mn=4&dy=0&id=p33286308736&a=422175840
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