CHARTS_CCI_SYSTEM

[rimshot]

/ES futures 2763.75 = my 65% to 90% odds bet for
the March 15th Thursday settlement price at
day's end

I give 0% to 15% chance that price action will see
the /ES touch or decline below $2648 between now
and then

Note - /ES 2772.00 = High Volume of price prints have
taken place in this region in the past, so will potentially
act as a magnet in the future ...
vigilance watch
/ES 2772.00 when touched in the future, to see if an immediate
push to the upper levels above takes place
OR
the advance is rejected by 2772.00 approach

* Important:

Top five sectors account for over 75% of the S&P 500 price action: XLK XLF XLV XLY XLI

XLK impacting approx. 25% of the S&P 500 price action each day
is likely to break to new highs and hold above the prior high before
March 15th close ... the XLK:SPY ratio has hovered near its new
multi-decade level achieved last week ... the strongest
sector continues to see the highest concentration of net buying pressure from fund managers

SPX daily with some basic upside retracement levels placed on
the chart -

* I give 75 to 95% odds that the upside retracement
of 75% to 90% will be achieved no later than April 10, 2018



whether the bulls or the bears actually execute in the near-term
will be evident in what level of upside retracement
actually
prints on that chart by March 16th a.m.