six cumulative net Advance-Decline lines shown as dashes in order to display whether the lines each day are accelerating the distance from day to day in an Upward Direction no direction or a Downward Direction in the present and in the future
what is concluded from this is the open minded possibility that either a mild or moderate correction by the A-D lines and their related index prices is somewhat nearby in timing, AND/OR that the Upward Movement remains in the very early stages and is a grinding and steady character that has tremendous Staying Power that could last many many months
chart #3 displays the monthly 15,2 Bollinger Bands for six major US indices ... the steady grind upward by the price bars since early December 2019 can only be concluded for interpretation that it is very possible the Upward movement remains in the very early stages of a high probability Staying Power advance to the upside, and it is way to early to consider anything more than a mild or moderate downside correction as a "fear" or worry, and future dips are likely buying opp's .. time will tell, so vigilance is impt
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.