Replies to post #18947 on CHARTS_CCI_SYSTEM

[rimshot]

SPY 10-week ema = 272.60 which bulls need to surpass on a lasting basis

as of Feb. 7, 2018 late morning

[rimshot]

watch SPY 268.91 to 269.34 today as
a potential inflection location for
the price action

this is based on the values of chart locations
for numerous technical metrics
( valued as of the Wednesday
February 7, 2018 close )

bears must bring on the selling in this region,
and bulls must surpass this price level at a minimum
for a lasting price advance into the February 8th close

I am long from the 264's, printed in the late extended
hours February 7th

SPX daily with PMO indicator & PMO internals -

* the Pro's vs. Con's comparison for the very weak PMO
internals displayed in early February 2018 favors a future bullish
price resolution at least in the intermediate-term, because
the PMO data sets are calculated based on math that is slow to reflect actual reversals from any sharp PMO moves ... the chart locations for the PMO internals are reflective of a potential fast selling climax

[rimshot]

one specific "Fibo level" for SPY just below 260 is a buy to cover action for all but 5% of size in day and swing shorts, imo ...

down to SPY 258.87 - book profits on SPY held short is my action plan

it is possible 258.87 will not be seen by 8 pm eastern time tonight

SPX daily with McClellan indicators for the S&P 500 index -



* evaluate resizing the future trades and chosen trade direction within a few days, for a very large number of reasons it is prudent, imo

[rimshot]

S&P 1500 index Point and Figure chart:

* this pullback from the prior uptrend highs represents
customary price behavior as of the February 8, 2018 close
( the sky is falling when a much larger downside move
is actually evident - time will tell )

[rimshot]

PMO explained in chart annotations on the major
US indices

daily, weekly, monthly PMO's

http://stockcharts.com/articles/sharedcharts.php?cc=8512197

** refresh your browser in the future while on this link to view
her intraday or end of day mark ups

Erin Heim reviews this info. twice weekly for free via the web, and
in the many years I have listened to her risk/reward interpretation
for this specific set of PMO's and I listened to her vimeo recordings prior to Erin joining the staff at StockCharts.com - I found myself in 80% of the time profitably swing trading the next chart setup in the opposite direction suggested by the overall "prevailing PMO" trend.

**
It is important to note whether the "confirmation" of a lasting PMO sell signal takes place by the PMO actually holding below its zero line for at least a moderate length of time.