Chart Ideas

[rimshot]

Larry Tomlinson
@mrktlarry
3 hours ago

12/27 update, due to extreme volatility
projections are useless until it calms down.

Two levels to monitor, 2250 support and 2603.54.
IF 2603.54 is traded above we have a low
and 3000/3200 still favored.
NOT advancing above 2524 THEN dropping to 2250 we have a top and a major bear market.


Dec 24

12/24 update, Weekly resistance 2476/2522 support 2357/2312,
daily resistance 2446/2469 support 2387/2364.

Price must return above 2480 this week or it will continue toward 2250 area before any significant bounce.


Ralph Acampora CMT
@Ralph_Acampora
41 minutes ago

Market, Part III: In order to say for sure that we've witnessed the final low,
I want to see a successful re-test of yesterday's low
on heavy volume.
Thus, it is too early to say that the current bear market is over.
Be very selective.

==========

$SPX daily since 2016 with 50,3 Bollinger Bands applied to the $SPX XLK XLF XLY symbols on the chart -

* bears remain in firm control while the S&P 500 index
net Advance-Decline breadth line and the net Advance-Decline
volume line both remain below their daily 50,2 lower
Bollinger Band shown on this chart
OR
while below their 50-day simple moving average