Replies to post #11 on Real-time day or swing trades - SPY, QQQ and stock

[rimshot]

SPY 207.60's and SPXEW 3184/3185 = key inflection level

SPXEW daily - closed once above this level during October at 3193.11 ...
this high close is the next potential upside target

buyers need to defend SPY 207.60's on pullbacks going forward

SPXEW 2-hour chart -

* no price bar closes below the 50sma since last week ...
see the 50,2 Bollinger Band in the upper chart element

* above the 50,2 upper Bollinger Band for consecutive price bars will represent a signature for continued upward direction ... there is significant upside room for 50,2 Bollinger Band expansion of the Band width

[rimshot]

$NYA - today is the first daily close above the 100-day sma,
and the continued bullish case depends on the $NYA price
action eventually holding above the 100dsma for consecutive days

chart #1 -



chart #2 -

Bullish Percents index for the S&P 500 index is steadily advancing, and now resides near a key horizontal level which must be surpassed
(based on the 2010 to 2015 chart history)

* for the SPX price action to remain above its 100-day sma, the Bullish Percents index likely needs to remain above the 60% level

[rimshot]

SPY - buyers must defend 207.77 today, the 4-day sma

buyers must defend 208.48 right now in order to avoid testing
the 208.31 a.m. low ... once violating the 208.48 level, sellers need to hold the price action below 208.48

209.14 is the level sellers must defend this a.m., and has been resistance area on the 2nd morning high

** the very short term charts have NOT yet confirmed a sell short configuration by the moving averages, but I am selling bounces so far today, based on the developing moving average pattern

** $3193.11 major Horizontal -- the SPXEW index has only tested its 1-month major daily close high breakout level from above, so nothing overly bearish is taking place at today's low, so far ***

QQQ buyers must defend 103.16 level, if seen today ... day low so far is 113.38

[rimshot]

SPY daily - 3 different Bollinger Band settings:

using the 15, 21 and 50 moving average as the BB centerline

* the direction of the NYAD's 7 ema, and whether it resides above or below the zero line influences the SPY price direction



chart #2 -

* the S&P 1500 index this week is testing the price level of
the December 26, 2014 high

* the uptrend has lasted all of October for the net new highs minus new lows for the S&P 1500 index -- bullish for the SPY price action until this trend actually reverses to the downside