CHARTS_CCI_SYSTEM

[rimshot]

RSP daily sees today's early a.m. bounce rejected
at the prior high from February 16, 2018 :

* today's high is the highest RSP price level reached
since the early February low,

and a trader needs to be aware of the
75% and 95% retracement levels back up of the entire prior decline

It is now optimal that the 61.8% and 50.0% retracement levels
act as lasting support during any future declines in the
next few weeks

* 2760 = the SPX breakout resistance level surpassed today, which now must hold as lasting horizontal support
in future days to confirm today as more than a 2-day wonder
event

the breadth & price wonder event counts last Friday's NYA/SPX/NDX/COMPQ's multi-month
Net Advance-Decline breadth daily value represented
as the largest Net value

seen since approx. August 2017, depending on index

* 2770.18 = next upper horizontal resistance for SPX

important Note - being a skeptic here in the intermdiate-term
is prudent, since the RSP to SPY daily ratio
is today printing an extreme
(relative to the BB) multi-year new low,
meaning a shrinking & minority number of the very largest caps
within the 500 symbols composing the S&P 500 index,
are leading today's and Friday's price charge --

an ever increasing concentration represented by a decreasing number of symbols
in the S&P 500 index seeing the most net buying
pressure is not forever a positive foundation
for a lasting price advance

* watch whether the RSP holds the 50-day sma as
future support during price declines in the coming
days/weeks