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rimshot

04/07/20 1:50 PM

#218 RE: rimshot #217

S&P Composite 1500 index new 52-week highs
minus
new 52-week lows COUNT -

plot of the cumulative net Count
and
plot of the daily net Count
( count is expressed in Percentage terms )

lasting upside strength in these internals is
required to support any future lasting price advance,
and it is prudent to be vigilant
for any actual future directional changes by these internals which actually have directional Staying Power

** front-running with non-evidence based actions is not recommended ....
trust and act only upon actual chart facts which develop **

https://c.stockcharts.com/c-sc/sc?s=%24SUPHLP&p=D&yr=2&mn=7&dy=0&i=p74960383002&a=382342019&r=15793273

chart #2 -

plot of the S&P 500 index new 52-week highs Count
and new 52-week lows Count
AND
plot of the S&P 500 index new highs minus new lows Differential
smoothed with the 10-day moving average

** an overall rising uptrend for the metrics is required
to support any future lasting uptrend by the $SPX and SPY
price action **

be vigilant if the current directional character changes at a future date

https://c.stockcharts.com/c-sc/sc?s=SPY&p=D&yr=0&mn=10&dy=0&i=p83085167028&a=592217701&r=1579328076287
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rimshot

04/07/20 1:52 PM

#219 RE: rimshot #217

SPY bulls want the near-term action to maintain SPY above the
daily 200,2 Upper Bollinger Band or very near it

SPY daily with 200,2 Bollinger Band setting
and
with 150-day simple moving average

https://c.stockcharts.com/c-sc/sc?s=SPY&p=D&yr=3&mn=0&dy=0&i=p93357331855&a=714601505&r=1579383681696

SPY weekly RSI-14 vigilance watch vs. the December 2018 RSI low
& vs. the March 2020 RSI low which was extremely oversold

* SPY weekly RSI-14 printed a new multi-week high
for a daily close print at 40.36 on
the Monday April 6, 2020 close

... the question whether the weekly RSI has peaked in the near or
intermediate term remains a valid question

https://stockcharts.com/c-sc/sc?s=SPY&p=W&yr=1&mn=6&dy=0&i=p02747338226&a=734076515&r=1586282451756

at the bottom of this weekly SPY chart is
the SPY price action plot with the 2-year BB setting
represented by the 104,2 weekly BB setting

* as of January 17, 2020 the SPY price action had resided above
the SPY 104,2 weekly Upper Bollinger Band on a steady basis
and
this is what the bullish case was counting on for the future action into 2020

https://c.stockcharts.com/c-sc/sc?s=SPY&p=W&st=2013-08-26&i=p72485332110&a=369089730&r=1575299426346

BB's adapt to the most current chart development by the price action
and
that is why BB's are to be believed
NOT
necessarily faded because price action appears to be Over Done

monthly SPY and monthly RSP
with
15,2 Bollinger Band settings

* greater relative price strength by
the 100 largest Market Capitalization dollar
size stocks contained within the $OEX index and
also within the S&P 500 index
is the only
reason the SPY is attempting to hold near/above
its monthly lower Bollinger Band,
while at the same time
RSP has consecutive monthly prints below
the monthly lower Bollinger Band, and RSP price
location relative to its monthly lower Band needs to
improve to support a lasting price advance by
SPY and $SPX

https://c.stockcharts.com/c-sc/sc?s=SPY&p=M&yr=4&mn=10&dy=0&i=p21232978471&a=6250[/color]

https://c.stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=0&mn=5&dy=0&i=p47539678432&a=581747427&r=1569507390142

https://c.stockcharts.com/c-sc/sc?s=%24SPSUPX&p=D&yr=0&mn=10&dy=0&i=p36403893029&a=691610419&r=1573923853368

https://c.stockcharts.com/c-sc/sc?s=%21PMOAZSPX&p=D&yr=0&mn=8&dy=20&i=p96416514336&a=607167804&r=1579369955364

https://c.stockcharts.com/c-sc/sc?s=SPY&p=D&st=2016-10-03&i=p79235568680&a=663833113&r=1579370010366

https://c.stockcharts.com/c-sc/sc?s=%24SUPHLP&p=D&yr=2&mn=7&dy=0&i=p74960383002&a=382342019&r=1579327367695

https://c.stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=0&dy=0&i=p65567309000&a=340963767&r=1579366381395

https://c.stockcharts.com/c-sc/sc?s=!MCOSIRNYC&p=D&st=2015-04-01&i=p05236667427&a=625434407&r=1575641948680

https://www.bollingerbands.com/market-timing-charts

this Chart Pack can be located each week at
the lower portion of John Bollinger's web site

and is Free

https://www.bollingerbands.com/