Replies to post #652 on Chart Ideas

[rimshot]

/ES S&P 500 futures - March 2019 pricing:

table is courtesy of Hamzei Analytics

2605.50 = the day session high for the prior week ended
December 21, 2018 for the March 2019 /ES futures contract



StockCharts (Decision Point) started keeping data on the McClellan Oscillator
in December of 1999

McO new record lows achieved on December 24, 2018 Monday in the half-day trading session:

NDX breadth MCO: -161

SPX breadth MCO: -174

OEX breadth MCO: -176

Dow breadth MCO: -189

Dow volume MCO: -176

MID volume MCO: -157

above McO data is courtesy of technicalwatch.com

DecisionPoint Market Scoreboard

A summary of the DecisionPoint signals from the Market Trend -
charts below:

https://stockcharts.com/freecharts/dpgallery.html

[rimshot]

Larry Tomlinson
@mrktlarry
3 hours ago

12/27 update, due to extreme volatility
projections are useless until it calms down.

Two levels to monitor, 2250 support and 2603.54.
IF 2603.54 is traded above we have a low
and 3000/3200 still favored.
NOT advancing above 2524 THEN dropping to 2250 we have a top and a major bear market.


Dec 24

12/24 update, Weekly resistance 2476/2522 support 2357/2312,
daily resistance 2446/2469 support 2387/2364.

Price must return above 2480 this week or it will continue toward 2250 area before any significant bounce.


Ralph Acampora CMT
@Ralph_Acampora
41 minutes ago

Market, Part III: In order to say for sure that we've witnessed the final low,
I want to see a successful re-test of yesterday's low
on heavy volume.
Thus, it is too early to say that the current bear market is over.
Be very selective.

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$SPX daily since 2016 with 50,3 Bollinger Bands applied to the $SPX XLK XLF XLY symbols on the chart -

* bears remain in firm control while the S&P 500 index
net Advance-Decline breadth line and the net Advance-Decline
volume line both remain below their daily 50,2 lower
Bollinger Band shown on this chart
OR
while below their 50-day simple moving average

[rimshot]

Liz Ann Sonders
@LizAnnSonders
6 minutes ago

Yesterday’s surge of 4.96% in S&P was one of 20 best days in post-WWII period; unfortunately, vast majority occurred in bear markets with average loss over ensuing year of >15%



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$SPX daily with 63,2 Bollinger Band & with two S&P 500 internals -

* bears remain in firm control while the $SPX
price action resides below the daily 63,2 lower
Bollinger Band

[rimshot]

/ES S&P 500 futures must achieve a lasting hold above
2470 for improved probability of a price advance
with staying power ... with 2488 level next potential
inflection marker for further lasting upside

( March 2019 /ES contract pricing )

SPY weekly -

* the $OEX to $SPX ratio has improved by a large amount
off this week's ratio lows, meaning the 100 largest
capitalization size stocks that comprise the $OEX
are no longer extremely under performing the 500 stocks included
in the $SPX index ... it is prudent to monitor this ratio
vs. its location within or outside the ratio's Bollinger Band
because of the heavy percentage weighting the $OEX symbol set
has upon the price value of the $SPX index