CHARTS_CCI_SYSTEM

[rimshot]

bears remain in control while the majority percentage weighting of the 5 sector Spyders accounting
for 78.7% of the weighted S&P 500 index price action remain below their 100-day sma

XLK - 27% - above the 100 dsma
XLF - 15% - below the 100 dsma
XLV - 14% - below the 100 dsma
XLY - 13% - above the 100 dsma
XLI - 10% - below the 100 dsma

time will tell if this condition changes for more of the controlling
top 5 symbols ... at this moment, I give more than 65% odds that price bounces by these symbols
and by SPY will fail to hold for a lengthy number of days

* I am watching each of these vs. last Thursday's price close, because
bears want a lower close to trigger SPX rally failure confirmation

** all five symbols and SPX remain on a daily 35,20,10 PMO sell signal for a number of consecutive days

SPX daily with the five symbols:

* only XLY is located near its 55-day ema, the other
four symbols are failing to achieve daily closes
above the 55-day ema