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Re: rimshot post# 65

Monday, 08/06/2018 1:49:23 PM

Monday, August 06, 2018 1:49:23 PM

Post# of 368
at the SPY early June 2018 top before
SPY declined down from its multiple days tagging the daily 21,2 upper Bollinger Band the numerous
NYSE Advance-Decline internals including
$NYMO and daily smoothed $NYAD were
at much higher levels than currently on August
3 to 6, 2018 when we are seeing the first in many days
potential
SPY daily close near the SPY daily 21,2
upper BB

https://stockcharts.com/h-sc/ui?s=%24NYAD&p=D&yr=0&mn=6&dy=0&id=p16612807292&a=286429918

* both Pro's and Con's can be cited for
the negatively divergent NYSE internals on August 6, 2018
versus early June 2018, while both periods witnessed
tags of the SPY daily upper BB.

Especially complex to divine the eventual SPY price outcome OR
at least in the near-term from this negative divergence since $SPX has tended to far
outperform the $NYA price action for
much of the July to August 2018 period.
The longer term requires the divergence to resolve
or SPY price action will likely suffer
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