Tuesday, April 17, 2018 10:26:08 AM
the RSP 60-minute shows potential danger to hold SPY longs for more immediate upside,
and the daily RSP shows the 1st unfilled gap
above has been filled today
red at 10:24 a.m ET = 7 of the top weighted 25 component stocks in SPX
green = 18 of the top 25
will update at the close, though this metric has been worsening as time progresses today, and much worse than Monday's close
chart #1 - RSP 60-minute:
* look to the left on the chart for possible indicator repeat now
vs. the prior upper extremes which were quickly negated at those times ...time will tell if a repeat this time around ... the STO
is flashing uncertainty at this time about the upside continuing
chart #2 - $NYA daily that has today filled its 1st gap above:
* nothing yet overly bearish or bullish at this time in the chart
development ... indicator trend is upward for most elements
* market bulls want to see the $NYA hover for numerous days
near its 15,2 %b 1.0 line ...
you be the judge what is probable
* note the hesitation pattern structure for the $NYAD's
8-day sma .. bulls want to see this 8-day sma
eventually move clearly to the upside, and not hesitate
and the daily RSP shows the 1st unfilled gap
above has been filled today
red at 10:24 a.m ET = 7 of the top weighted 25 component stocks in SPX
green = 18 of the top 25
will update at the close, though this metric has been worsening as time progresses today, and much worse than Monday's close
chart #1 - RSP 60-minute:
* look to the left on the chart for possible indicator repeat now
vs. the prior upper extremes which were quickly negated at those times ...time will tell if a repeat this time around ... the STO
is flashing uncertainty at this time about the upside continuing
chart #2 - $NYA daily that has today filled its 1st gap above:
* nothing yet overly bearish or bullish at this time in the chart
development ... indicator trend is upward for most elements
* market bulls want to see the $NYA hover for numerous days
near its 15,2 %b 1.0 line ...
you be the judge what is probable
* note the hesitation pattern structure for the $NYAD's
8-day sma .. bulls want to see this 8-day sma
eventually move clearly to the upside, and not hesitate
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