Replies to post #3392 on E-Wave for the S&P 500 Index

[rimshot]

$VIX contango extremes are rare I am told, and was seen
again last week, and in prior instances some technicians
are saying they know the FACT to be that historically
it has resulted in 4% declines in the following period

I have not kept data sets to validate this to be accurate ...
am simply passing on what some Pro's are claiming is
evident in the history of the $VIX contango extremes in relation to $SPX price outcomes

SPY has not violated its 10-week EMA for any Friday close since late June 2018 ...

how about we see if any single-day or multiple-day future downside violations of the SPY 10-week EMA actually hold for multiple daily Friday closes

one idea of many

[rimshot]

hi RCKS - interesting comparison for $BKX bank index, $NYA and $SPX vs. their 21-week ema or the 21-week sma

not at all similar for some symbols in their location above OR below the moving average

folks will be focused on bank company earnings now