CHARTS_CCI_SYSTEM

[GLENO34]

I do not think the weekly SPX chart is anywhere close to being OS..In fact it looks like it is just turning down..but the problem we have is the 60 min chart is OB and is trying to turn down and the daily chart is somewhat OS and wants to turn up...All this is according to the indicators...We did kiss the daily 20MA and we turned back...but are we just regrouping for another attack and then move through and go back to retest the 1710 or higher...or did the kiss of the 20MA call the top here for this retrace and down we go?? We can stay OS for a long time on the daily chart.CCI60,100 and 272 have a lot of room for down yet and most of the time for a good bottom we need them to get below -100 and then some...Your call, "guess" is as good as anyones..So we see...Time will tell.