CHARTS_CCI_SYSTEM

[rimshot]

2 charts for complacent bulls:

* I forecast 75% to 100% odds we are not
likely to see a lasting V-bottom for
SPY any time soon
AND
before at least
SPY $245 to $248 zone is tested from above
( a lasting hold back above the 268 - 274 zone will
negate this probability )

chart #1 - SPY

* virtually no horizontal price basing took
place between $256 and $213, so the next
proven lower horizontal breakout level to
eventually be tested from above is $213
( greater than 50% odds of such test, and such re-tests
of prior breakouts are customary )



chart #2 - S&P 1500 index

* only a single period of horizontal price basing took
place between $590 and $508, so the next
proven lower horizontal breakout level to
eventually be tested from above is $508
( greater than 50% odds of such test,
and such re-tests of prior breakouts are customary )