$SPY and $NYSE showing Bullish Market Internals for 07/20/2016- S&P is trading above its 100-period SMA, which has turned green, illustrating positive price momentum
- Breadth ratio is < 2.0, which is a weak bullish signal, but is starting to gain positive momentum
- Net Advance Decline Line is still < 1000, which is a "not as strong" bullish signal, but is above its 21-period EMA and is rising quickly to break 1000
S&p500long
SP: We are on the TOPwe arrived at the top of the climb and from next week the sales are expected to begin . The max is placed between 2167 and 2177 .
S&P 500 (2H) @ Basic Technical Scenario (freestyle)
2136.50: all time high
2127.60: high before brexodus
2112.10: 1st high and meanwhile support after brexouds lows
2088.90: 2nd low after 1st high and meanwhile support after brexodus lows
2072.90 : intraday high (as brexit-referendum came out)
2072.90 : 1st low after 1st high and meanwhile support after brexodus lows
between 2112.10 & 2072.90 :
"trend-evidence-formation - after brexit sell-off"
above 2112.70 way open for new all-time highs @ only resistance by 2127.60
- eben highs before the rbexit-referendum came out @ friday before two weeks ...
Best regards:
Aaron
SPY closes above resistanceHey guys
So right at EOD today the SPY pulled above the resistance line we have been watching for a few weeks. The green arrow represents my expectations. Since we closed above the resistance I'm expecting it to act as support. The yellow lines represent other possible situations you should watch for.
Thanks! Good luck!