Thursday, April 05, 2018 6:36:00 PM
SPX daily closes chart & S&P 500 Advance-Decline line:
* it is a firmly bearish event of high significance & reliability when
the A-D line's 19-day ema crosses below the 39-day ema in the future
( the use of these ema settings on the A-D line was created by Mr. and Mrs. Sherman McClellan several decades ago )
* you can readily see the new record high by the S&P 500 A-D line
achieved in early March 2018 did not produce
a new record price high for the S&P 500 index ... be careful
of services and articles which tell you the price uptrend is probably safe because an A-D line is at new highs
* it is a firmly bearish event of high significance & reliability when
the A-D line's 19-day ema crosses below the 39-day ema in the future
( the use of these ema settings on the A-D line was created by Mr. and Mrs. Sherman McClellan several decades ago )
* you can readily see the new record high by the S&P 500 A-D line
achieved in early March 2018 did not produce
a new record price high for the S&P 500 index ... be careful
of services and articles which tell you the price uptrend is probably safe because an A-D line is at new highs
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