Chart Ideas

[rimshot]

Larry Tomlinson
@mrktlarry
31 Dec 2018

12/31 update --

Friday approached 2520 and sold off,
today we may see another try at 2520 to 2531 resistance.

Weekly resistance 2539/2581
support 2432/2391,

Daily resistance 2500/2512 support 2471/2460.

=========================

Sunday December 29th --

$SPX 2534 = the daily 200,2 lower Bollinger Band value, at this moment --
potential future resistance above this week's bounce highs

2529 = the 600-day simple moving average -- potential resistance for future bounces

$SPX daily closes chart link, with internals for
4 indices -

http://schrts.co/1uTJBf



===============

2520 is Larry's major bull/bear horizontal line above the current
price action as of December 28, 2018 --

Larry Tomlinson
@mrktlarry
4 hours ago

12/28 update, short term if $SPX 2531 is traded above
that is a good indication we have a low and party on in 2019.

IF 2520 is NOT traded above AND 2250 is achieved
THEN we take out the 1810 low of 2016 and quickly and continue the bear market.


Larry Tomlinson
@mrktlarry
Dec 27

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
2 hours ago -- December 28, 2018

"Vacuum Rally", Part II: The current oversold rally now has the
potential to carry unfettered back to its overhead supply
in the Down 24,200/25,000 area
- thus, filling in the 'space or vacuum'
and taking the overall market out of its near-term
oversold condition.

"Vacuum Rally", Part I: On Dec. 17th the Dow accelerated
to the downside in a virtual free-fall
that took it to an intraday low of 21,712.53 on Dec. 26th.

In the process it left a 'vacuum or space' below overhead resistance now in the 24,200/25,000 area.


Ralph Acampora CMT
@Ralph_Acampora
Dec 27

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 -

* $SPX potential resistance must be overcome on a permanent basis OR a future decline will take place again:

at the 600-day sma and
at the 15-day sma

* bears remain in firm control in the intermediate-term,
while --

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

http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&st=2016-06-30&id=p5902047510c&a=627033842