E-Wave for the S&P 500 Index

[rimshot]

$NYA daily -

https://c.stockcharts.com/c-sc/sc?s=%24NYA&p=D&yr=0&mn=10&dy=20&i=p07418880530&a=589367465&r=1575730720647

* you can see from the bottom of this chart that
dip buyers have remained in control of the indicator and price
action ever since the double-bottom formation took place for each
of the two %B elements at the August and October 2019 extreme lows for these
two %B's ...
all dips by price need to be evaluated in combo with all the chart elements shown .... for making a decision whether
to exit a long held position in the US equity market or whether to add on future dips or wait for lower prices to add

monthly SPY and RSP price bars are shown on this chart, with
my customized setting for the Bollinger Band for this version
of the monthly

https://c.stockcharts.com/c-sc/sc?s=SPY&p=M&yr=4&mn=10&dy=0&i=p21232978471&a=6250[/color]59607&r=1579196320850