Tuesday, April 17, 2018 3:26:06 PM
SPX late-March unfilled gap was filled moments ago
key horizontal resistance levels in this upper range for SPY:
271.61
270.19
bulls need to hold price above 269.33 to 268.01 zone, during
future intraday declines
only in the most recent days, have an increasing amount of the 500 stocks
in SPX risen at a rate at least as fast as the 100 largest cap stocks in the OEX
OEX to SPX daily ratio -
* I do not like where the RSI-14 is now stalling for this ratio for multiple days ...
time will tell and vigilance req'd ... the crush for all of March
of the OEX largest caps will have another round of influence in
the weighted S&P 500 index depending on how much future price healing occurs for that entire group of 100 stocks
AAPL MSFT and INTC now back near their upper price ranges for 2018 is not adequate number of the 100 OEX names
key horizontal resistance levels in this upper range for SPY:
271.61
270.19
bulls need to hold price above 269.33 to 268.01 zone, during
future intraday declines
only in the most recent days, have an increasing amount of the 500 stocks
in SPX risen at a rate at least as fast as the 100 largest cap stocks in the OEX
OEX to SPX daily ratio -
* I do not like where the RSI-14 is now stalling for this ratio for multiple days ...
time will tell and vigilance req'd ... the crush for all of March
of the OEX largest caps will have another round of influence in
the weighted S&P 500 index depending on how much future price healing occurs for that entire group of 100 stocks
AAPL MSFT and INTC now back near their upper price ranges for 2018 is not adequate number of the 100 OEX names
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