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chart comments - SPX and NYA


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#1 hiker

hiker

    independent trader

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Posted 21 October 2011 - 10:28 AM

SPX 5-mo sma = $1239.68 vs. today's high of $1239.03 (intraday high as of Oct 21, 2011 at 11:30 a.m. ET)

NYA $7439 to $7471 horizontal resistance zone (major resistance) remains above ... $7426.57 = today's intraday high so far

NYA remains below its 34-month ema and its 5-month sma

NYA $8200 = major failed horizontal support remains far above the current price action

* be vigilant whether the NYSI remains below the +350 failed horizontal support level in the future ... NYSI -191.15 marks the September high
(NYSI = McClellan Summation Index for the NYSE)

Edited by hiker, 21 October 2011 - 10:33 AM.