CHARTS_CCI_SYSTEM

[rimshot]

SPXEW index weekly chart with internals &
Arthur Hill's chart opinion posted this week:

( S&P 500 Equally Weighted index = SPXEW )

Arthur Hill says:

https://stockcharts.com/articles/chartwatchers/2018/02/where-did-all-those-new-lows-come-from.html

excerpt -

"In fact, the surge in new lows was the largest since February 2016 and previous occurrences suggest that the market may need more time to find its bullish footing."

chart #1 -

SPXEW weekly chart with:
15,2 BB
21,2 BB
21,3 BB

* the 21,3 weekly BB often marks the level for
bottom or top spotting

* the SPXEW 50-week sma provided support
at the prior week's intraday price low



chart #2 -

RSP monthly with:
21,2 BB
10 ema & 50 ema

* the 50-month ema is the customary
downside risk measure for the more
lasting price declines