S&P 500 price levels to trade

[rimshot]

RSP lower high evident on the daily chart today July 23
is not confirming the SPY higher high

be vigilant, the SPY staying power to the upside
may have a limited life …
greater than 50% odds for a limited upside life based on
the RSP and SPY chart history

SPY bulls need to see a higher bounce high printed by RSP to
align with the SPY higher bounce high

* participation in the SPY upside price action is limited at the moment
to the very largest capitalization size stocks in the S&P 500 index ..

lasting upside price action is more probable if the majority of the 500 stocks in the index are
participating more equally in the price advance