Replies to post #19632 on CHARTS_CCI_SYSTEM

[rimshot]

SPY & XLK 21-day sma has been resistance for
two consecutive days, so far today -

* the 21-day sma has been declining since mid-March for the
6 symbols shown in this chart

* S&P 1500 index - 21 dsma resistance for 2 days

[rimshot]

bears remain in control while the 6 sector Spyders accounting
for 86% of the capitalization weighted S&P 500 index price action remain below their 100-day sma

updated for the Wednesday, April 11th close:

XLK - 27% - slightly below the 100 dsma
XLF - 15% - below the 100 dsma
XLV - 14% - below the 100 dsma, below the 200 dsma
XLY - 13% - slightly below the 100 dsma
XLI - 10% - below the 100 dsma
XLP - 7% - below the 100 dsma, below 200 dsma

time will tell if this condition changes for the controlling
top 6 symbols in the S&P 500 index