E-Wave for the S&P 500 Index

[rimshot]

SPY 332.00 = daily 21,2 UBB value as of 10:44 a.m. Eastern time Tues January 21, 2020

SPY has closed consecutive days very near its daily 21,2 Upper Bollinger Band

will see how much longer this chart characteristic continues because it is an important tell about
the continued probability for future small distance price declines or Not ....

SPY daily closes chart with its 21,2 Bollinger Band -

https://c.stockcharts.com/c-sc/sc?s=SPY&p=D&yr=0&mn=10&dy=0&i=p83085167028&a=592217701&r=1579328076287

the entire Bollinger Band tool set is actionable for maximizing the predictive reliability

and John Bollinger does a great job presenting the educational information required to interpret the BB tool set at his website

Notice that John presents a free Link to his update of 32 charts known as his
Market Timing Chart Pack near the bottom of his website

https://www.bollingerbands.com/