trade timing signals - using Advance-Decline line tools

[NASARAVI]

RIM - SPY question response

I studied both the SPY and NDX charts to surmise and take a shot at the answer. My answer is based solely on the price action since July 1 till now and using the AD line tools only nothing else

1. Currently 50 day sits at 179 area
2. We had. 4 touches from top and 1 from bottom
3. Last one at 279.16 in August was a lower low than late July 279.36

Analysis

1. ADLINE is getting flat not good
2. MC OSC in July was higher in general than in August below 0 level - bad internals
3. Mc sum reflects MC OSC trending down
4. BB width coming down supporting ADLINE.

Let me know if I passed.

NDX is showing the same behavior and had. Much lower low.