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Strategies & Market Trends : SPY Advance - Decline data for 2014 through 2016
SPY 410.14-0.5%11:01 AM EST

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To: rimshot who wrote (1042)11/8/2022 6:09:21 AM
From: rimshot  Read Replies (1) of 1099
 
3 of 6 daily cumulative net A-D lines achieve day #1 above the important 200-day EMA
on Monday November 7, 2022 -

stockcharts.com

* $SPX -- $OEX -- $MID A-D lines now rest above the 200-day EMA for day #1,
and bulls want to see this advance above the 200 continue for multiple days

** a developing pattern of recent rising lows and medium-term declining tops for all
six indices

==================================================================

a developing pattern of recent 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
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