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rimshot

04/19/20 11:42 PM

#238 RE: rimshot #235

SPY 295.75 = 5-month SMA
SPY 293.34 = 63-day SMA
SPY 292.70 = 200-day EMA
SPY 292.02 = 50-week EMA
SPY 290.63 = 15-month SMA

* bulls want to see a lasting hold above the
moving averages shown above

bears need to violate the moving averages shown below to
achieve Staying Power for a lasting decline

283.45 = 20-month EMA
280.02 = 10-week EMA
279.67 = 50-day EMA
259.34 = 21-day SMA

important vigilance -

as of Friday April 17, 2020 the only indices to
achieve a new high for April by their respective
cumulative net Advance-Decline breadth lines are

$NDX
$OEX

bulls want to see the other US indices join with
new April bounce highs by their A-D lines