CHARTS_CCI_SYSTEM

[rimshot]

bears remain in control while the majority percentage weighting of the 6 sector Spyders accounting
for 86% of the weighted S&P 500 index price action remain below their 100-day sma

updated for the Tuesday, March 27th close:

XLK - 27% - below 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
XLP - 7% - below the 100 dsma

time will tell if this condition changes for the controlling
top 6 symbols in the S&P 500 index ...

* 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

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

SPY daily closes chart for 3 years,
displaying the 200-day and 100-day sma:

http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=3&mn=0&dy=0&id=p59363437400&a=585808016