SPY 271.51 = 50 day ema using dividend-adjusted price history http://stockcharts.com/articles/sharedcharts.php?cc=8512197 * Bulls failed to close above the 50-day ema with the one day wonder intraday price advance of Thursday June 28, 2018 271.75 = June 28th day high, which now represents a key horizontal price level for going forward evaluation time will tell whether dip buyers on Thursday are tested by the future price action * two high vigilance charts which continue to update since posted months ago are displayed here with my prior comments - https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138634418