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DowDeva

07/14/20 10:22 PM

#26169 RE: rimshot #26165

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rimshot

07/15/20 11:35 AM

#26173 RE: rimshot #26165

SPY daily closes chart within the context of smoothed $NYAD -

http://stockcharts.com/c-sc/sc?s=%24NYAD&p=D&yr=0&mn=6&dy=0&i=p16612807292&a=286429918&r=1586300495239

* note the smoothed SPY using three moving averages at the bottom of the chart ... a simple trend identification to avoid bull traps and bear traps during intraday price action, now and in the future

SPY 314.71 = 13-day EMA value at this moment .. bulls need to defend this EMA if tested from above in the future, and notice all the MA's are rising for several weeks

$NYA - 8-day SMA above the 21-day EMA for multiple consecutive days, and this represents a bullish signature for the US equity market - do not ignore this signal

chart #2 shows the SPY 20-day EMA recently providing consistent support during intraday declines -

http://stockcharts.com/c-sc/sc?s=SPY&p=D&yr=1&mn=4&dy=0&i=p93967574323&a=724151086&r=1586181519739