CHARTS_CCI_SYSTEM

[rimshot]

yes to question #1 - entered short near the $SPX Equally Weighted index underside kiss of the 200-day ema in final days of December, and exited swing short on Thursday and Friday of last week (half of position exited each day)and Thursday I exited the FB swing short posted real-time at Black Truck's Timing board near the all-time price high

no to question #2

take care! here is an FYI that merits high vigilance going forward:

McClellan Oscillators - positively divergent (higher lows) vs. the lower price lows last week

when reviewing folder # DPMI-1060 for the McClellan Oscillators at StockCharts.com, I notice
that all the major US indices and most S&P 500 sectors now display a positively divergent
pattern structure (higher lows) vs. the lower lows achieved by the daily price closes last week.

* This positive divergence exists for two or three days
last week including Friday in most cases, while one index displays
the divergence for only Friday. *

we are trained to focus on positive or negative divergences by
the McO as a key divining clue for the future which is usually
a reliable metric for risk/reward evaluation ... the question
now is whether this current positive divergence will have
a responsive and lasting price action outcome to the upside
as we are trained to reliably expect

I notice on other daily charts that the Equally Weighted version
of the indices' price charts display %B positive divergence vs. the lower price lows
for the majority of the January 2016 period ...

which I view as a confirming data element for the McO
divergence ...
I find that positive divergences by the daily %B's are
confirmed to have a lasting upside price reversal outcome
once price action actually reverses
back above the lower daily Bollinger Band, which is
yet to take place for some of the indices --

the $SPXEW 15,2 %B and 21,2 %B now reside above
the lower Bollinger Band location and did so for multiple days last week which is an important observation of positive divergence vs. the several lower daily closes
by the price action last week

check in the coming days at the Link below for any charts and comments which update this topic, and please direct questions you have for me at one of the boards I moderate ... my time is valuable so understand that posting is not my priority:

http://investorshub.advfn.com/Price-levels-for-Index-futures-levels-to-trade-25108/