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rimshot

04/28/20 10:51 PM

#247 RE: rimshot #246

SPY and RSP monthly with 15,2 Bollinger Bands -

https://stockcharts.com/c-sc/sc?s=SPY&p=M&yr=2&mn=4&dy=0&i=p74763006343&a=585766179&r=1586960229815

* bulls require a lasting hold above the SPY:

15-month SMA
5-month SMA

* SPY 20-month EMA represents a potential bull/bear
pivot
moving average of great importance
to the intermediate-term price trend's Staying Power

* SPY bulls need a lasting hold above the RSI-14 60 level,
& bears need a lasting hold below the 40 level

* SPY bulls do not want to see the RSI-14
stall & reverse near the 50 region

SPY weekly with 50,2 BB & 21,2 BB & 15,2 Bollinger Bands -

https://stockcharts.com/c-sc/sc?s=SPY&p=W&yr=2&mn=5&dy=0&i=p72677491179&a=625675189&r=1588128375524

* bulls initially require a lasting hold above SPY:

50-week EMA
21-week EMA
15-week SMA

* bears need a lasting hold below the 4-week SMA

* bulls do not want to see a stall and reverse by
the weekly RSI-14 near or slightly above the 50 level

... a future failure to even reach the 50 level will represent
bearish evidence

bulls need a lasting hold above the weekly RSI-14 60 level
& bears need a lasting hold below the 40 level

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rimshot

04/30/20 12:26 AM

#251 RE: rimshot #246

2949.47 = $SPX 200-day EMA value
as of the Wednesday April 29th close

* bulls require a lasting hold
above the $SPX 200-day EMA

https://c.stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=10&dy=0&i=p97802610981&a=589417407&r=1579414387080

SPY has already printed a single day above its 200-day EMA -

https://stockcharts.com/c-sc/sc?s=SPY&p=D&yr=0&mn=5&dy=0&i=p45269694420&a=625947950&r=1587683803234