S&P 500 price levels to trade

[rimshot]

$SPX and $OEX percentage of stocks above their 20-day EMA is:

$SPX in recent days -

* the percentage of $SPX stocks above their 20-day EMA has sharply declined this week

63.0% - August 19
70.2% - August 18

$SPX -- 78.8% on Friday August 14 vs. 80.8% on August 7

$OEX -- 64% on August 19 vs. 85% on August 14 vs. 83.0% on August 7

$SPX percentage of stocks above their 20-day EMA, daily chart -

http://stockcharts.com/c-sc/sc?s=%21GT20SPX&p=D&yr=0&mn=5&dy=0&i=p16189262697&a=607251685&r=1597701242314

* the August percentage values are substantially below the monthly high values for this metric seen in June & July ,
which represents important Negative Divergence that will likely be actionable unless this internal
for both indices improves soon along with the upward price action seen last week

* only one of the three $OEX internals reside at their customary
upper levels, and bulls need all three to remain
within or above the broad 75 to 90% range,
and
the higher level the better for the bullish case

daily $OEX chart with three $OEX internals -

http://stockcharts.com/c-sc/sc?s=%24OEX&p=D&yr=1&mn=5&dy=0&i=p55670041540&a=340963852&r=1583205795342