Chart Ideas

[rimshot]

two versions of the SPX daily chart are displayed below:

for the purpose of monitoring future price action vs. the mid-point price level of the August to October/November 15th intraday high to intraday low price range for this period of time

* once any future price declines break below this mid-point value of a major market index, the potential for future upward price action with staying power becomes less probable

chart #1 presents the SPX with the mid-point trading range value shown as the bold dashed orange line ... and the HGX (housing index) and BKX (banking index) are shown with the SPX price action because it will be difficult for the SPX to mount a sustainable price advance OR decline without these sectors participating to some extent



chart #2 presents the SPX price action with the mid-point value for the August to October/November 15th trading range for
the NYA, COMPQ, NDX, RUT and OEX indices



chart #3 is the RUT to OEX daily ratio I have posted at this board before to present the "risk-on" OR "risk-off" evaluation metric ...
I am including it here so the data contained in these three charts can be viewed together as time progresses



*** the charts at this board update "live" for the price action each time you refresh your browser in the future ***