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

Re: rimshot post# 19686

Tuesday, 04/17/2018 12:20:18 PM

Tuesday, April 17, 2018 12:20:18 PM

Post# of 41999
2685.94 = SPX 50-day sma, as of Tuesday

2686 to 2690 horizontal = the must hold above price zone
for the bullish case, going forward

SPX 120-min chart, with unfilled gap above marked in pink

RSP:SPY ratio is now matching the April low, so participation
in the current price advance by the majority of the 500
component stocks in the weighted S&P 500 index is at its
most narrow level for April 2018
... the immediately prior context for this ratio is that the very largest percentage
weighted components in the index were nearly all crushed
during the entirety of March 2018 ...
that does not change the fact it is optimal for the bulls
to have the broadest participation by the majority 500 stocks
when price advances

Join InvestorsHub

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.