S&P 500 price levels to trade

[rimshot]

S&P 500 cumulative net Advancers minus Decliners line
continues since its peak high
in April 2020 to display a pattern
of lower highs

http://stockcharts.com/c-sc/sc?s=!ADLINESPX&p=D&st=2019-10-31&i=p09170486617&a=607135436&r=1586705560320

* the lower highs since the April peak for
the A-D line needs to be negated by an upward
breakout over both the May peak and the higher
April peak to provide higher confidence the
SPY and $SPX price action will be supported by
the S&P 500 internals to reach SPY $299 level
and
actually hold above $300 for multiple weeks

** the mid-May low for the A-D line needs to be defended
by the bulls when future declines by the A-D line occur **

** the 19-day EMA located above the 39-day EMA for the
A-D line is constructive for the $SPX and SPY bullish case
only while the positive moving average crossover condition has Staying Power **

chart #2 is the daily $SPX chart providing
a 14-month perspective of the
S&P 500 McSum and McO
versus their zero lines

http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=2&dy=0&i=p36506950628&a=340963635&r=1590206274473