S&P 500 price levels to trade

[rimshot]

SPY 284.21 is the January 2018 high and must be surpassed
by future price action on a lasting basis OR
the July advance has no permanent chart meaning for the bullish
case

* Note the $OEX to $SPX ratio has been vertical in recent days/weeks achieving a multi-month high,
meaning the largest capitalization size stocks represent the majority
of the contribution to the July price advance by the S&P 500 index

* the S&P 100 index closely approached the rising daily 50,3 upper Bollinger Band
for the first time in months on Wednesday July 25, 2018

( using SPY dividend-adjusted price history )