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Re: rimshot post# 16579

Wednesday, 02/14/2018 6:51:33 AM

Wednesday, February 14, 2018 6:51:33 AM

Post# of 41217
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

https://content.screencast.com/users/EMWS/folders/Jing/media/2c73cc1b-c330-48a4-a498-dbbf53bf8419/2018-02-08_0705.png?platform=hootsuite

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