Replies to post #127 on S&P 500 price levels to trade

[rimshot]

4227.26 = EW prior potential double top price level,
which bulls must eventually surpass on a lasting basis and
this 4227.26 prior level was at the time a specific vigilance watch upside retracement percentage level ---
for a prior major EW price decline

* the shorter length potential double bottom vs. the longer length potential double top viewed within the context of the
$SPXEW monthly chart -

https://stockcharts.com/h-sc/ui?s=%24SPXEW&p=M&st=2003-01-01&id=p40678746692&a=592426079


$SPX daily closes chart showing shorter-length potential double-bottom
following a longer-length potential triple-top


https://stockcharts.com/c-sc/sc?s=%24SPX&p=D&st=2013-08-26&i=p22820681423&a=340963889&r=1522968140792

failure for this current $SPX price bounce of recent days to see actual upside follow through in the coming days/weeks is at least 60% probable and up to 85% probable with this current setup of the numerous index internals shown in the chart below,
OR
this is the "much room to the upside" setup path for $SPX $3000 and above which I give
only up to 30% odds at this moment with this specific chart setup and
other charts of internals
we are now evaluating in its current setup … this chart requires high vigilance as it develops

* bulls need the S&P 500 PMO Internals to dramatically improve from the June/July lows

71% of the 500 stocks in the S&P 500 resided above their PMO zero line at the most recent 2018 multi-month high, which is a level the bulls need to eventually surpass in the coming weeks/months


https://stockcharts.com/c-sc/sc?s=%21PMOAZSPX&p=D&yr=11&mn=0&dy=0&i=p08708198884&a=587504104&r=1523123070973



FYI - no lasting price decline is probable until these McSum's actually reside below their zero lines in the future … dip buyers rule until then

[rimshot]

SPY 273.30 = 15-day sma, which bulls must defend during
future declines

* the 15-day sma is declining as of the July 6, 2018 close

SPY 274.38 = 21-day sma

SPY 272.52 = 10-week ema

SPY 271.70 = 50-day ema

SPY 269.38 = 15-week sma

SPY 269.10 = 100-day sma

SPY 264.88 = 200-day sma

SPY 263.11 = 200-day ema

SPY 260.73 = 50-week ema

SPY 248.38 = 89-week ema

(using dividend-adjusted price history which StockCharts.com provides as its default,
AND
almost no broker charting platforms provide)

[rimshot]

ES 2801.00 = July 12, 2018 high achieved late in the day session
SPY 279.43

SPY low of week so far is 276.50. on Monday
==============================================================

for week ended July 6, 2018:

ES 2766.25 = week's and Friday's high
ES 2698.50 = week's and Monday's overnight low
for week ended July 6, 2018

NQ 7237.75 = week's and Friday's high
NQ 6987.50 = week's and Monday's day session low

* ES 2767 is the next horizontal level of interest which
bulls must surpass on a lasting basis

* the ES holding below 2778, and
below 2788
is required to keep a possibility
for a lasting ES price decline alive *

the SPY 10 week ema and 15 week sma
are now most instructive to bulls and bears in
evaluating future price progress by
the daily closes in July 2018

weekly chart: SPY closed July 6th about $3 above
the highest value for the 15 week sma and the
10 week ema, so bulls have regained control while
this weekly setup continues

278.23 = prior potential double-top price level
which bulls must now surpass on a lasting basis

https://stockcharts.com/h-sc/ui?s=SPY&p=W&yr=2&mn=0&dy=0&id=p09578733340&a=594610379

* daily chart: SPY closed July 6th more than $1.00 above
its 21-day sma which bulls want to see as
a lasting move above this moving average

http://stockcharts.com/h-sc/ui?s=SPY&p=D&yr=2&mn=1&dy=0&id=p23207954924&a=585817572

ES low week ended June 29 was June's low - 2693.25 ( below prior week low )

NQ low week ended June 29 was June's low - 6956.00 ( below prior week low )

NQ 7358.50 = the new record high for NQ, which was achieved in June 2018

week ended June 29, 2018 summary:

* bears are in firm control when $SPX remains below the 100 period simple moving average shown in pink
on this 2-hour chart

$SPX 120-minute chart -

http://stockcharts.com/c-sc/sc?s=%24SPX&p=120&yr=0&mn=1&dy=15&i=p40217370243&a=444488975&r=1454915148535

sector Spyder daily charts -

* Sector Spyders of greatest proportional
influence on the actual daily SPY price valutation
each day
closed Friday July 6th near their high of the week:

XLK XLF XLY XLV XLI

https://stockcharts.com/h-sc/ui?s=XLK&p=D&yr=0&mn=6&dy=0&id=p02767775977&a=604206252

XLF closed Friday the most distance from this week's high

https://stockcharts.com/h-sc/ui?s=XLF&p=D&yr=0&mn=6&dy=0&id=p10399037777&a=604206840

https://stockcharts.com/h-sc/ui?s=XLY&p=D&yr=0&mn=6&dy=0&id=p25542053675&a=604204081

minor horizontal breakout for XLV

https://stockcharts.com/h-sc/ui?s=XLV&p=D&yr=0&mn=6&dy=0&id=p84572206431&a=604207865

https://stockcharts.com/h-sc/ui?s=XLI&p=D&yr=0&mn=6&dy=0&id=p71895830544&a=604208420