Replies to post #18939 on CHARTS_CCI_SYSTEM

[GLENO34]

Thanks for the posts...The Daily SPX target is the 100MA but we have exceeded that to the down side...There is no lower signal or target as I post...May get a bounce soon?? The 2 hour chart very OS and we do have a up signal now..Target is the 10EMA now at 2704.11..That will drop as it is in a very steep decline..



http://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&mn=7&dy=0&id=p97803886217&a=333062310


http://stockcharts.com/h-sc/ui?s=%24SPX&p=120&yr=0&mn=2&dy=15&id=p28216976597&a=336017066

[rimshot]

SPY 15-week sma was resistance for the morning bounce today,
February 6, 2018

* this weekly SPY chart setup calls for a high probability
of more future price damage to take place, while all these chart elements remain in a weakening chart location ...
the bulls have much to prove, if a lasting price bounce is to occur,

and the bears need to prove the downside follow through ... the
21-week sma is currently providing support

* watch the future SPY price location within the weekly 15,2 Bollinger Band