hi David. hope you are well! take care. the S&P 500 Mid Cap index July bounce reversed from the levels of the 50day sma and the 65day sma ... SPY needs Mid Cap participation for SPY to actually hold at new all-time highs and above, imo http://stockcharts.com/c-sc/sc?s=%24MID&p=D&st=2013-08-26&en=today&i=p67965672453&a=340963873&r=1437440137502 chart version #2 for Mid Cap with Advance-Decline lines vs. their 5% trend: http://stockcharts.com/c-sc/sc?s=%24MID&p=D&yr=3&mn=0&dy=0&i=p50059205608&a=340963892&r=1437440462507