CHARTS_CCI_SYSTEM

[rimshot]

the SPY weekly 15,2 lower Bollinger Band value region
as of Monday and Tuesday December 17 and 18, 2018
has proven to be the "buy" price level,

at least for a brief bounce and perhaps a longer period of
upside price action for SPY

time will tell ... you be the judge

the /ES S&P 500 index futures needs to hold above the
2583.50 to 2589.00 price zone to make it more probable a lasting
price advance is even possible from the recent multi-month price
lows achieved by SPY and the S&P 500 index

note the January & February intraday price lows for the S&P 500 index ( $SPX )
will either be eventually downside violated on
a permanent basis or NOT ...

bears and bulls both need
to pay attention daily to those prior early 2018 lows for
the $SPX vs. the future price action --
and to the 70-week simple moving average for $SPX

chart #1 - SPY weekly

* shows 15,2 and 21,2 weekly Bollinger Bands for SPY price action

https://stockcharts.com/c-sc/sc?s=SPY&p=W&yr=0&mn=8&dy=0&i=p04777601442&a=576045102&r=1521835688360

chart #2 - $SPX weekly with 70,2 Bollinger Band



wishing a happy, holy and peaceful holiday to all,
and
I hope you are grateful to be alive one more
day and enjoying this day ...
make the best of each day,
and either cry or smile because
it is your choice how to respond to life