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 **
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
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
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