$SPX & $OEX - Thursday April 23 printed lower highs as shown below $OEX daily - * the bullish case requires a lasting hold above the RSI-14 60 level which is not taking place, and bears require a hold below the 40 & 30 levels https://stockcharts.com/c-sc/sc?s=%24OEX&p=D&yr=0&mn=10&dy=20&i=p19081465758&a=589367470&r=1586708199509 $OEX 1322.19 = the current multi-week high achieved near day's end Friday April 17 $SPX 2879.22 = the current multi-week high achieved near day's end Friday April 17 $OEX 1309.52 = April 23 lower high before today's reversal down $SPX 2844.90 = April 23 lower high before today's reversal down $SPX daily - https://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=0&mn=10&dy=20&i=p39194776096&a=589367469&r=1586708460313 279.45 = SPY 50-day EMA at April 23 close 280.44 = SPY 50-day SMA 279.08 = SPY April 23 close * only one daily close above the 50-day SMA since late February 2020 represents firmly bearish evidence while it continues SPY daily with 50-day SMA vigilance - * bears need to violate the 21-day SMA on a lasting basis https://stockcharts.com/c-sc/sc?s=SPY&p=D&yr=0&mn=5&dy=0&i=p45269694420&a=625947950&r=1587683803234