$3214.56 = the SPXEW early July daily close low $3228.56 = the next key level above buyers need to defend $3202 during future pullbacks, especially for daily closes actually holding above the 3202 to 3214 levels will be very constructive for the future advancing price structure chart #1 plots the daily closes http://stockcharts.com/c-sc/sc?s=%24SPXEW&p=D&yr=0&mn=10&dy=0&i=p51470802194&a=428899034&r=1446224775013 chart #2 displays the % of S&P 500 components above the 50-day ema, and is now at levels not seen since January to May, 2015 * bullish for the SPY price action if this metric holds above approx. 60% during future pullbacks http://stockcharts.com/c-sc/sc?s=%21P050MASPX&p=D&yr=0&mn=8&dy=0&i=p53170772147&a=382915210&r=1446225055987