S&P 500 price levels to trade

[rimshot]

@sentimentrader
·
1 hour ago

Volume spiked in March and is now falling.

SPY's volume is now -64% below its 3 month average,
while the S&P 500 is under its 200 day moving average

When this happened over the past 20 years,
U.S. stocks ALWAYS pulled back over the next 2 months,
sometimes *very sharply*

https://twitter.com/sentimentrader/status/1264154580130189312/photo/1

=================================

chart #1 - SPY & $NYA daily closes
vs.
200-day SMA since 2015

http://c.stockcharts.com/c-sc/sc?s=!MCOSIRNYC&p=D&st=2015-04-01&i=p05236667427&a=625434407&r=1575641948680

chart #2 - daily $SPX since 2010
with 1,200,1 MACD which highlights
price action vs. the $SPX 200-day EMA

http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&st=2010-08-01&i=p31102185077&a=747407124&r=1588513454224

chart #3 - daily $SPX chart which
highlights the $SPX price action
vs. 100-day SMA and vs. 150-day SMA

* the $VIX is resting for three consecutive days below
its daily 63,1 lower Bollinger Band ... time for a $VIX bounce?

http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=3&dy=0&i=p69567235682&a=588455757&r=1588406110278

chart #4 - $SPX daily closes chart
with three S&P 500 internals vs. their potential
horizontal bull/bear values

http://stockcharts.com/c-sc/sc?s=%24SPX&p=D&yr=1&mn=10&dy=0&i=p48145416080&a=747130146&r=1588437201539

chart #5 - $NYA daily vs. 21-day SMA and
vs.
potential horizontal bull/bear values

11,195.96 = 21-day SMA as of
Friday's May 22 close ... which resides
below Friday's closing price and the
21-day SMA sits below the $NYA price action
for five consecutive days

* the $SPX 50-day SMA = 2731.47 as of
Friday's May 22 close, which represents
a potential downside target once bears
retake control of the price action in
the intermediate term

http://stockcharts.com/c-sc/sc?s=%24NYA&p=D&st=2016-08-01&i=p4928170551c&a=260296468&r=1590239210316