Summary - unusually strong upward acceleration lasting more than a week for the breadth plurality
( see the Intro section to this board for McSum acceleration events defined )
S&P 500 - 6 days up, with 5 days of large acceleration distance S&P 100 - 7 days up, with 5 days of large acceleration distance S&P 400 - 7 days up, with 3 days of large acceleration distance S&P 600 - 4 days up followed by 3 days down Dow Jones - 7 day up, with 6 days of large acceleration distance NYSE all issues - 7 days up, with 5 days of large acceleration distance NYSE common stocks only - 7 days up, with 3 days of large acceleration distance Nasdaq - 4 days up followed by 3 days of flat Nasdaq 100 - 6 days up, with 5 days of large acceleration distance
* the 19 day and 39 day ema's for the Advance-Decline lines for all of the groups listed above are rising and the 19 rests above the 39 in a bullish setup … the Dow Jones A-D setup had been declining and crossed up into a new bullish setup this week
I do not expect to make board updates again until the week ended July 20 … readers can follow this example for the specific chart review tasks making up the daily work of remaining on the correct and profitable side of the trading direction supported by the Advance-Decline breadth plurality measures, and note the Advance-Decline volume plurality is not being addressed at this board though it does merit similar consideration …
Erin and Carl Swenlin often point out divergences in their chart set when the Volume plurality trends are divergent from the Breadth plurality trends
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