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Re: rimshot post# 121

Wednesday, 04/15/2020 10:00:36 AM

Wednesday, April 15, 2020 10:00:36 AM

Post# of 207
$SPX 2851.85 day high on Tuesday April 14, 2020
vs.2855.94 October 2019 low / 2855.84 late February 2020 low

$SPX 2843.12 = 600-day SMA at Tuesday's close, and
represents a potential bull/bear pivot moving average
in the intermediate term

at Tuesday's close, the /ES futures:

2857.50 = 21,2 daily upper Bollinger Band value

2798.00 = 50-day EMA value

2635.75 = one /ES futures level which
bulls must defend during declines
and
bears must permanently violate to gain traction
for a lasting price decline

( 2635.75 = the March 31, 2020 session high achieved
in the Globex hours )

SPY 283.87 region is the potential horizontal resistance level of
current importance, which represents the late February 2020
low

SPY weekly -

* bulls do not want to see the RSI-14 level
stall & reverse from the 45.14 level

https://stockcharts.com/c-sc/sc?s=SPY&p=W&yr=1&mn=6&dy=0&i=p34254016065&a=734076515&r=1586959130849

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