kissing some of the 200-day sma's chart 1 - http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&st=2014-12-01&en=today&i=p59349021198&a=417728869&r=1478356131523 chart 2 - % change since 12/31/2014, for $SPX and for SPY; SPY includes the quarterly dividend payments while $SPX does not include them * SPY has declined 4.6% as of November 4, 2016 using the intraday price high achieved in August 2016 vs. the November 4th intraday low http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&st=2014-12-31&en=today&i=p39139268719&a=448360195&r=1478356310204 chart 3 - SPX and RUT weekly within the 70,2 BB channel: * SPX $2048 = the 38.2% retracement level of the major advancing sequence * bearish confirmation occurs only when a weekly price close that is more than 3% below the SPX or SPY 70-week sma http://stockcharts.com/c-sc/sc?s=%24SPX&p=W&st=2009-04-01&en=today&i=p90467266633&a=411130711&r=1478356869673