$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
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
$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
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
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