Replies to post #28028 on SPDR S&P 500 (SPY)

[GLENO34]

FOOT..Just look at last year..It stayed below 90 for about 4 months..It is a seasonal thingie..

http://stockcharts.com/h-sc/ui?s=$CPC&p=D&yr=1&mn=3&dy=0&id=p67838520999&a=9...

[learningboutinv]

Looks like we are going to break one way or the other. The compression meter is way down and the summation tick is showing oversold at the moment. (Break up after OE?)

More stuff from LBR:








Compression Meter:

Low readings indicate market is poised for larger breakout. High readings indicate market is ready to enter consolidation period.



LBR Summation Tick:

Tick Summation Index based on hourly readings. High readings indiacte overbought while low readings indicate oversold. Bottoms tend to be sharp V-type reversals while tops are more often formed on a loss of momentum or divergences.