A.) Prices have dropped from 110.31 to a low of 103.08 -- a decrease of 5.9%.
B.) Prices are below all the EMAs. However, they are right below the 50. Also note that prices have formed a bullish engulfing pattern. This could indicate a reversal of trend. Finally, the 10 and 20 EMAs are moving lower and the 10 day EMA has crossed below the 20.
C.) Momentum is decreasing for the SPYs despite the upward trend of prices.
D and E) Notice the RSI printed a lower total on the latest top.
I'm on Linked In and Twitter (@captivelawyer). Silver Oz's Linked In name is @silver_oz. NDD is a fossil and may be reached by etching a picture in stone on the wall of a cave.
The Bonddad Economic History Project
At the beginning of 2012, I decided to start looking at the actual, statistical history of the US economy starting in 1950. The reason is simple: to find out what really happened. So, when you see title of a post that begins with a year such as 1957, followed by "employment" or "Fed policy: you know what it's for. You can also access the information by typing in BE for Bonddad econ and a year to find information on a particular year.
Here is a link to pages that contain links to all the posts on the years listed.