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rimshot

07/20/18 11:32 AM

#171 RE: rimshot #165

SPY 60-min displays the 21 sma is a useful
inflection level for evaluating the potential staying power of
the ups and downs for 6 indices -

* the 21,2 Bollinger Band contains the majority of the price action
each day

SPY and $OEX have not tagged the upper Bollinger Band since
the July 18th noon price bar, so the upside momentum
is waning
, for now

a strong uptrend has numerous tags of the upper Bollinger Band

https://stockcharts.com/h-sc/ui?s=SPY&p=60&yr=0&mn=0&dy=12&id=p74097723084&a=607239152