Replies to post #17 on S&P 500 price levels to trade

[rimshot]

S&P500 Advance-Decline breadth line and volume line:

September 9th comments:

* both A-D lines have posted four higher lows since late August, and until this higher low pattern is violated for the A-D lines, the "compression pattern" requires high vigilance for the next directional outcome by the A-D lines and by the price action

fyi - I have marked the prior all-time high achieved by each A-D line at the end of August, 2014 with one of the selected green horizontal lines ... be alert if the August, 2014 Advance-Decline breadth high is tested from above during 2015



S&P500 McClellan Oscillator:

September 9th comments:

* the McO has posted four higher lows since late August, similar to the A-D lines for the S&P 500 index

[rimshot]

the SPX-EW $3055.42 = the value of one chart element which buyers must defend during pullbacks the rest of today, or price is likely to re-test the 3039.36 day low

SPX-EW 120-min chart showing selected horizontals, including the dashed brown H lines which represent declining retracement values, which buyers must defend again during future declines:

the declining retracement located at $3003 was tested from above on September 2 and Sept. 4, so we now briefly have a higher low pattern using these lows vs. the 2984.05 September 1 low and the lower lows of late August