Info!! A Fresh Expect At The Residue Betwixt Rigid Together With Weak Stocks

Here's an update of the Bollinger Balance mensurate described inwards the August eighth post.  This takes a hold back at every NYSE stock together with calculates the publish closing higher upwards their upper Bollinger Bands minus the publish closing below their lower bands.  (Credit to the Stock Charts site for the data).  You tin run across how the mensurate topped out inwards early on June together with steadily weakened going into the cost highs of slow July.

Note likewise how the mensurate hitting a depression indicate simply ahead of the cost bottom early on inwards August.  Since that time, we've had a rally to novel highs inwards SPY, but the residue mensurate is good below its June peaks together with has started to ringlet over.  This fits amongst the novel high/new depression information latterly posted, showing that the electrical flow rally has been somewhat selective inwards its mightiness to generate fresh cost highs across the wide arrive at of shares.
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