InvestorsHub Logo
Followers 84
Posts 9226
Boards Moderated 4
Alias Born 09/07/2007

Re: rimshot post# 19073

Saturday, 02/17/2018 8:43:36 AM

Saturday, February 17, 2018 8:43:36 AM

Post# of 41438
SPXEW index weekly chart with internals &
Arthur Hill's chart opinion posted this week:

( S&P 500 Equally Weighted index = SPXEW )

Arthur Hill says:

https://stockcharts.com/articles/chartwatchers/2018/02/where-did-all-those-new-lows-come-from.html

excerpt -

"In fact, the surge in new lows was the largest since February 2016 and previous occurrences suggest that the market may need more time to find its bullish footing."

chart #1 -

SPXEW weekly chart with:
15,2 BB
21,2 BB
21,3 BB

* the 21,3 weekly BB often marks the level for
bottom or top spotting

* the SPXEW 50-week sma provided support
at the prior week's intraday price low




chart #2 -

RSP monthly with:
21,2 BB
10 ema & 50 ema

* the 50-month ema is the customary
downside risk measure for the more
lasting price declines

Join the InvestorsHub Community

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.