HIGH IP21 (>.41) SINCE 1966 on SPY
Should we sell when Closing Power uptrend is broken?

   7 of 18  -SPY fell to lower band or lower.
   2 of  18 - SPY kept rising significantly.
   5  of 18 - SPY fell only to 21 dma and then rose signficantly
 

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   March 1995 SPY just kept rising
   Sept 1995 SPY went sidewise until it tagged rising 65-dma and then rose.
   Feb 7 1996 SPY fell back to LB and rising 65-dma when CP uptrend was broken.
   Oct. 22, 2001 SPY fell back only to 21-dma and then rose strongly.
   March 21, 2003 SPY fell back only to 21-dma and then rose strongly.
  
   Sept 2003 SPY fell back only to 21-dma and then rose strongly.
   Jan 15 2004 SPY fell back to lower band.
   Oct 23, 2006  SPY fell back only to 21-dma and then rose strongly.
   Feb 2007 SPY fell back to lower band.
   April 2007 When CP uptrend broken, SPY fell 9%.
 
   March 2010 When CP uptrend broken, SPY fell 10%
   Feb 8 2012  SPY fell only to 21- dma and rise strongly.
   May 17 2013 SPY fell to lower band.
   Nov 2013  SPY kept rallying.
   June 2014 SPY fell to 65-dma, half way between LB and MA.
 
   Nov 2014 SPY fell to lower band.
   March 2016 SPY went sidewise for months.
   Oct 2016 SPY fell nearly to lower band.