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Re: rimshot post# 118

Sunday, 05/24/2020 8:51:24 PM

Sunday, May 24, 2020 8:51:24 PM

Post# of 207
$NYA weekly Point & Figure chart remains in limbo for now in terms of directional clarity,
though
bulls appear to be weakening to a limited degree ...this condition could change quickly in either direction -

$NYA weekly PnF chart

http://c.stockcharts.com/pnf/chart?c=%24NYA,PRTDWDNRBO[PA][D][F1!3!!!2!20]&r=3161&pnf=y

chart #2 - $NYA daily vs. 21-day SMA

* bulls need to defend the 21-day moving average if and when
tested from above ...
while the bearish case's Staying Power
will depend on holding price action below the 21-day SMA

http://stockcharts.com/c-sc/sc?s=%24NYA&p=D&st=2016-08-01&i=p93390940969&a=260296468&r=1590367937168

chart #3 - $NYA monthly with 15,2 Bollinger Band

* bulls must eventually hold price above the declining
5-month SMA
to provide higher confidence in the probable
Staying Power for the potential upward direction by US equities

http://stockcharts.com/c-sc/sc?s=%24NYA&p=M&yr=3&mn=10&dy=0&i=p75385518571&a=568822129&r=1590368360686

chart #4 - $NYA daily closes chart with five moving averages

* bulls must eventually hold price above the 100-day SMA as
a starting point for confidence building in the future upward probability

http://stockcharts.com/c-sc/sc?s=%24NYA&p=D&yr=0&mn=5&dy=0&i=p81153839726&a=428891253&r=1590368624848

chart #5 - many years view of the $NYSI

http://stockcharts.com/c-sc/sc?s=%24NYSI&p=D&st=2013-01-01&i=p0895347219c&a=382915264&r=1590368754657




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