S&P 500 price levels to trade

[rimshot]

S&P 500 index percentage of stocks above
their 20-day EMA is at 17% as of Monday's September 21st close,
which represents a firmly bearish condition until an actual
upward improvement takes place by this metric

http://stockcharts.com/c-sc/sc?s=SPY&p=D&yr=0&mn=7&dy=0&i=p50167057108&a=702407785&r=1596941621860

S&P 100 index percentage of stocks above their 20-day EMA
is at 16% as of Monday's September 21st close

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$SPX and $OEX percentage of stocks above their 20-day EMA was as shown below on Friday August 7th close:

80.8% for $SPX
83.0% for $OEX

* 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

* two 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