Replies to post #21 on S&P 500 price levels to trade

[rimshot]

S&P 500 A-D breadth line - September 10 chart comment:

* the required improvement metric for indicating probable "staying power" of any future advance by the S&P 500 A-D breadth line will be evidenced when the two %B's shown on the chart reside above the 0.50 level for a period of days
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1. the 2008/2009 A-D breadth line confirmed "sell signal" status for the other major US indices was joined by the S&P 500 Advance-Decline breadth line in early January, 2008 ...
and we do not yet have the confirmed "sell signal" condition in 2015 for the S&P 500 Advance-Decline breadth line

2. the S&P 500 Advance-Decline breadth line has not displayed a confirmed "sell signal" status since 2009

confirmed "sell signal" status = the A-D breadth line resides below its 200-day ema, and the 19 and 39-day ema's for the A-D line also reside below the 200-day ema
(the 19 and 39-day ema's represent the 10% and 5% trends for the Advance-Decline line)

the September 8 to Sept. 10, 2015 A-D breadth line status for symbols related to the S&P 500:

SPX - 39 above 200dema
OEX - 39 above 200dema - vulnerable
S&P 400 Mid Cap - 39 above 200dema
S&P 600 Small Cap - 39 below 200dema
XLY - 39 above 200dema
XLP - 39 above 200dema
XLE - 39 below 200dema
XLB - 39 below 200dema
XLF - 39 above 200dema
XLV - 39 above 200dema
XLI - 39 below 200dema ( Sept. 10 = day #3 below the 200dema for the 39dema)
XLK - 39 above 200dema - vulnerable

[rimshot]

1. the SPX Advance-Decline breadth line has not yet
violated its August/Sept 2015 lows ... high vigilance
is a must for this metric -- see post #21 for the chart

2. SPY has not yet achieved a weekly close that is a large distance below
its 70,2 weekly lower Bollinger Band
- see chart #2 below

so, a V-bottom recovery structure for the SPY price action remains a possibility
over time if the lower Bollinger Band
brief violation from above on this try #1
does not last for many days

3. $SPXEW daily chart - the 200,3 standard deviation lower daily Bollinger Band
can be the region for bottoming price action:

and it is important to note in the daily SPXEW chart #1 below
that the two %B's now display a pattern structure
off the January 2016 %B lows which is
positively divergent vs. the lower price lows for SPXEW

4. the ES futures
$1915 level must be surpassed in the future to confirm a potentially solid bottom price structure formation

chart #1 -



chart #2 -