S&P 500 price levels to trade

[rimshot]

2801.20 = /ES futures 50-day EMA value
as of close on Friday April 17, 2020

* bears need to hold the /ES price action
below the 50-day EMA to gain Staying Power
for a lasting decline

the weekly and monthly Pivot values are
substantially lower than the 50-day EMA

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March 21, 2020 comments about the $SPX cash index -

reference the Edwards & Magee, 11th edition for reasons
behind these price levels being selected as a potential vigilance
range going forward

a lasting hold above $SPX 2472 is required for any bullish attempt to gain traction

a lasting hold below $SPX 1940 is required for the bears to gain traction in an attempt to
re-test the Brexit low achieved a few years ago

in addition, failed horizontal support on the look-back period using
250 trading days rests at $SPX 2485 region - a lasting
hold above 2485 is required to be confident in the bullish case

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the 200-day EMA for the S&P 500 cumulative net Advance-Decline
line has reliably called the timing window for the bottoming
of the $SPX price action in December 2018 and in March 2020

ditto for the S&P 100