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rimshot

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rimshot

Re: rimshot post# 247

Thursday, 04/30/2020 9:35:07 AM

Thursday, April 30, 2020 9:35:07 AM

Post# of 368
SPY weekly RSI-14 vigilance

https://stockcharts.com/c-sc/sc?s=SPY&p=W&yr=1&mn=6&dy=0&i=p02204479376&a=734076515&r=1588253628442

* bulls initially require a lasting hold above SPY:

50-week EMA
20-week SMA
15-week SMA

* bears need a lasting hold below the 5-week SMA

* bulls do not want to see a stall and reverse by
the weekly RSI-14 near or slightly above the 50 level
... a future failure to even reach the 50 level will represent
bearish evidence

bulls eventually need a lasting hold above the weekly RSI-14 60 level
& bears need a lasting hold below the 40 level

PermaLink for SC subscribers -

http://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=1&mn=6&dy=0&id=p28238897714&a=734076515
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