Replies to post #619 on Chart Ideas

[rimshot]

SPY daily with 3 internals for the $SPX, and with
1 internal for the $NYA -

* March 23, 2016 chart comment repeated here, which explains
the interpretation use of some chart elements:

the cumulative Advance-Decline breadth line for the S&P500 index, and this A-D line achieved a new all-time high on Friday March 18, 2016

in the near-term, look for whether the 50,2 upper Bollinger Band for this A-D line continues
to have a rising slope which will be the characteristic that the A-D line
advance is likely to continue

( since November, 2014 - the A-D line's upper Bollinger Band has not been able
to maintain a rising slope while at the same time the A-D line rises with the upper BB for more than approximately
2.5 weeks;
so a character change for this specific metric in 2016 will be a highly reliable clue for the ongoing price direction )

[rimshot]

bulls need future bounces to hold above
the /ES futures levels listed below,
as a minimum start for upside that
has probable staying power:

above 2712.25
above the 2791 to 2767 horizontal zone

a permanent hold above the 2831's is extremely significant
to any future price advance in the coming months and years
, to have a more than 20% probability
that the advance will continue to higher levels

pullback lows by /ES of interest since June 2018:

* the sharp decline lower started after October 5 and continued into October 26, 2018

2712.25 - in week ended October 12
2873.25 - October 5 late day
2887.75 - October 4 mid-day
2865.00 - September 7 a.m.
2877.50 - September 5
2885.50 - September 4
2891.75 - August 31
2876.75 - low in week ended August 31
2850.00
2831.00's
2803.00
2791 August low
2790 late July low
2788 to 2767 = the often tested horizontal support zone in June to July 2018

[rimshot]

new record bounce highs for /ES :

• /ES 2944.75 = the October all-sessions high AND the SPY October high have not surpassed the September 21st record high


2947.00 September 21 early a.m. - the record high was printed

pullback lows by /ES of interest since June 2018:

* the sharp decline lower started after October 5 and continued into October 29, 2018,
with lower price lows continuing

2603.00 - October 29 late in the day session
2627.25 - October 26 day session low
2652.25 - October 24 day session low
2692.25 - October 23
2712.25 - in week ended October 12
2873.25 - October 5 late day
2887.75 - October 4 mid-day
2865.00 - September 7 a.m.
2877.50 - September 5
2885.50 - September 4
2891.75 - August 31
2876.75 - low in week ended August 31
2850.00
2831.00's
2803.00
2791 August low
2790 late July low
2788 to 2767 = the often tested horizontal support zone in June to July 2018