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rimshot

08/17/20 5:34 PM

#350 RE: rimshot #349

using customized momentum settings, the $SPX 30-minute has weakening momo vs. earlier weeks for the recent ten consecutive days ...

intraday upward momo has been shallow and relatively short-lived

$SPX 30-minute with a single focus on using two MACD settings & the 50,2 Bollinger Band -

http://stockcharts.com/c-sc/sc?s=%24SPX&p=30&yr=0&mn=0&dy=15&i=p49697975356&a=661020318&r=1597457710066

** Monday this week & all five days last week printed S&P 500 net Advancers minus Decliners daily values less than +250, with the highest value so far at plus 186 ... shown below in reverse order -- this is NOT stellar net A-D for price to be advancing with probable upward Staying Power unless the daily prints improve for the A-D:

minus 6 - Monday August 17
plus 38 - Friday
minus 146
plus 186
minus 48
plus 179 - Monday