S&P 500 price levels to trade

[rimshot]

4227.26 = EW prior potential double top price level,
which bulls must eventually surpass on a lasting basis and
this 4227.26 prior level was at the time a specific vigilance watch upside retracement percentage level ---
for a prior major EW price decline

* the shorter length potential double bottom vs. the longer length potential double top viewed within the context of the
$SPXEW monthly chart -

https://stockcharts.com/h-sc/ui?s=%24SPXEW&p=M&st=2003-01-01&id=p40678746692&a=592426079


$SPX daily closes chart showing shorter-length potential double-bottom
following a longer-length potential triple-top


https://stockcharts.com/c-sc/sc?s=%24SPX&p=D&st=2013-08-26&i=p22820681423&a=340963889&r=1522968140792

failure for this current $SPX price bounce of recent days to see actual upside follow through in the coming days/weeks is at least 60% probable and up to 85% probable with this current setup of the numerous index internals shown in the chart below,
OR
this is the "much room to the upside" setup path for $SPX $3000 and above which I give
only up to 30% odds at this moment with this specific chart setup and
other charts of internals
we are now evaluating in its current setup … this chart requires high vigilance as it develops

* bulls need the S&P 500 PMO Internals to dramatically improve from the June/July lows

71% of the 500 stocks in the S&P 500 resided above their PMO zero line at the most recent 2018 multi-month high, which is a level the bulls need to eventually surpass in the coming weeks/months


https://stockcharts.com/c-sc/sc?s=%21PMOAZSPX&p=D&yr=11&mn=0&dy=0&i=p08708198884&a=587504104&r=1523123070973



FYI - no lasting price decline is probable until these McSum's actually reside below their zero lines in the future … dip buyers rule until then