Wednesday, March 28, 2018 12:20:51 PM
S&P 500 index daily PMO double-bottom vigilance:
* the marked prior decline low PMO chart location has much significance
no lasting bear unless this PMO level is actually violated
for a period of weeks
NOTE - the PMO setting is not one which moves the PMO quickly, so upward reversals by the SPX
price action require some time to actually move the PMO back up
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=2014-12-01&id=p62330892016&a=417728869
the early November 2016 prior PMO decline low was
the launch point for the upward reversal following the Presidential election outcome
* the marked prior decline low PMO chart location has much significance
no lasting bear unless this PMO level is actually violated
for a period of weeks
NOTE - the PMO setting is not one which moves the PMO quickly, so upward reversals by the SPX
price action require some time to actually move the PMO back up
http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=2014-12-01&id=p62330892016&a=417728869
the early November 2016 prior PMO decline low was
the launch point for the upward reversal following the Presidential election outcome
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