S&P 500 price levels to trade

[rimshot]

1. the SPX Advance-Decline breadth line has not yet
violated its August/Sept 2015 lows ... high vigilance
is a must for this metric -- see post #21 for the chart

2. SPY has not yet achieved a weekly close that is a large distance below
its 70,2 weekly lower Bollinger Band
- see chart #2 below

so, a V-bottom recovery structure for the SPY price action remains a possibility
over time if the lower Bollinger Band
brief violation from above on this try #1
does not last for many days

3. $SPXEW daily chart - the 200,3 standard deviation lower daily Bollinger Band
can be the region for bottoming price action:

and it is important to note in the daily SPXEW chart #1 below
that the two %B's now display a pattern structure
off the January 2016 %B lows which is
positively divergent vs. the lower price lows for SPXEW

4. the ES futures
$1915 level must be surpassed in the future to confirm a potentially solid bottom price structure formation

chart #1 -



chart #2 -