$SPX daily chart with XLK, XLF, XLY which weigh heavily in their combined total percentage influence each day on the $SPX and SPY price action
* XLK, XLF & XLY are near or below the 50,3 lower Bollinger Band ... bulls need to defend this technical chart event and an upside reversal for the XLK XLF and XLY price action needs to take place soon OR these symbols and the $SPX will initiate a continued & lasting price decline from this chart setup
* note that these two important metrics shown on this chart reside below their 50,2 lower Bollinger Band for a number of days -
S&P 500 net Advance-Decline breadth line S&P 500 net Advance-Decline volume line
in the ten years January 2009 to December 2018, only a long period of consecutive days below the daily 50,2 lower Bollinger Band for both these A-D lines results in $SPX price damage of more than a few weeks duration
chart #2 -
S&P 500 Advance - Decline breadth line with its 50,2 BB for 10 years
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