S&P 500 net Advance-Decline ratios are now both back above their zero line as of the February 13, 2018 close
* very important to the bullish case the zero line is not downside violated by these ratios on a lasting basis
chart #1 - SPX daily chart with * the S&P 500 McClellan indicators and * with the daily A-D ratios:
SPX 2690.16, 2647.58, 2590 = three of the must hold above price levels for this most recent price advance off the early February price low to actually have lasting staying power
chart #2 - the S&P 500 futures price bars for the February 5th to 8th period
* note the scene of the crime of the VIX crash started from the /ES futures 2733 level, and
* 2700 was a key horizontal resistance level as a bull/bear divider during the days which followed including the overnight Globex sessions
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.