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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 568.68-1.2%Mar 26 4:00 PM EDT

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To: rimshot who wrote (1049)11/5/2022 10:19:59 PM
From: rimshot   of 1118
 
tip for those here who do more than daytrade scalping:

the most current developing pattern of rising lows and medium-term declining tops
by
1. the NYSE all-issues A-D breadth line and
2. the NYSE common-stocks-only A-D breadth line
is one reliable tell in the future for whether we are seeing a
bear market rally or a multi-week price action low for US equities which is likely to have
upward legs with Staying Power

* future vigilance regarding what develops for these chart patterns
will be important for traders who hold positions for multiple days and weeks

* if you do not currently monitor the daily cumulative net Advance-Decline lines for each
US index and their developing chart patterns, you are missing out on a highly reliable tell

( folder # DPMI-1010 containing all these A-D lines can be uploaded
with one click of the mouse at StockCharts.com ... look for the "Decision Point Indicators" Chart Pack, if a subscriber to SC)

additionally -

A-D lines for both the NYSE all-issues & the NYSE common-stock-only data sets
both rest very near their 50-day SMA, with no firmly established direction vs. their
50-day SMA -- as of Friday November 4, 2022:

NYSE common-stock-only data set is 0.3 percent above its A-D line's 50-day SMA / 200dema is a large distance above
NYSE all-issues is 0.2 percent below its A-D line's 50-day SMA / 200dema is a large distance above

* bears need the A-D line condition to remain firmly below the 50-day SMA
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