SPX 2690.16 horizontal is the level bulls must eventually defend in future bounces, for a lasting price bounce to take hold chart #1 - SPX daily closes chart, updated settings: http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=0&mn=6&dy=0&i=p80156488010&a=553779281&r=1517949674936 chart #2 - SPX daily with PMO and PMO internals: * future PMO declines need to be defended by the bulls at the levels marked with the green Horizontal lines marked on the PMO ... ** PMO is in a new downtrend, as of February 6, 2018 with very weak PMO internals http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=2&dy=0&i=p60008129947&a=552043921&r=1517949943735