Wednesday, February 28, 2018 1:18:14 AM
revised SPY daily closes chart:
* this is my final post for a while,
for the sake of respecting what is
already included in the content of this
forum and the continued action ability
in the future of the existing chart data
shared in individual posts at this forum
hosted so generously and competently by Glen
the chart below with the others shared with you
in recent weeks provide quality guidance,
whether a bull or a bear at any moment in
time
** remember: nearly all the charts posted here
update with "live" data from StockCharts.com
when your browser is refreshed while on any
single IHub post
chart #1 -
* take notice the S&P 500 McClellan Oscillator (McO)
smoothed with the 21-day simple moving average resides as
of February 27, 2018 at:
the greatest distance below the McO zero line witnessed
in many months,
and is not yet turning back up ...
this S&P 500 McO condition
has been a fair warning to not give much time worthy trust to price rallies,
even though it will require several days/weeks of
positive S&P 500 Advance-Decline breadth to accomplish
the math to turn the McO's 21-day moving average
back to the upside for more than a brief duration
chart #2 - SPX daily price action with S&P 500 Advance-Decline data sets:
* this is my final post for a while,
for the sake of respecting what is
already included in the content of this
forum and the continued action ability
in the future of the existing chart data
shared in individual posts at this forum
hosted so generously and competently by Glen
the chart below with the others shared with you
in recent weeks provide quality guidance,
whether a bull or a bear at any moment in
time
** remember: nearly all the charts posted here
update with "live" data from StockCharts.com
when your browser is refreshed while on any
single IHub post
chart #1 -
* take notice the S&P 500 McClellan Oscillator (McO)
smoothed with the 21-day simple moving average resides as
of February 27, 2018 at:
the greatest distance below the McO zero line witnessed
in many months,
and is not yet turning back up ...
this S&P 500 McO condition
has been a fair warning to not give much time worthy trust to price rallies,
even though it will require several days/weeks of
positive S&P 500 Advance-Decline breadth to accomplish
the math to turn the McO's 21-day moving average
back to the upside for more than a brief duration
chart #2 - SPX daily price action with S&P 500 Advance-Decline data sets:
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