both SPY and $SPX daily closes price value today July 14 achieved new bounce highs to levels not seen since early June 2020 when viewing the daily closes chart .... ditto for several of the S&P 500 Sector Spyders
SPY and $SPSUPX 20-day EMA defined the region of today's intraday price low, which is the simplest measuring definition of a rising trend recognized & used by the greatest number of professional technicians that I routinely read over the years
I like the 15-day SMA to compliment the 20-day EMA
no need to even think about picking a reliable "top" until the 20-day price EMA is violated on a lasting basis ... bear traps and nothing more, imo
the Nasdaq-100 cumulative Net Advance-Decline line today printed a new record high level, so $NDX bears are all wet until proven otherwise by an A-D line below both the 19 and 39-day EMA's at a minimum
* time is our most under appreciated & valuable asset, lest we squander it *
