chart of the XLI weekly price action vs. its 89-week ema compared to the SPX weekly closes vs. the 89-week ema:
* the comparison of the actual price location relative to the 89-week ema for both XLI and SPX will be highly instructive and useful to a trader at this time and in the future
(note: XLI = Industrial sector, in which market participants discount their expectations for the future global economic conditions)
updated SPX weekly closes chart with SPX price action vs. its 70-week simple moving average
* this chart is posted for the purpose of examining all the price elements displayed ... an interpretation of the actionability guidance provided by the chart data requires a thorough examination of this information AND a willingness to be objective in the use of the chart facts
* I have insufficient time at this moment to make further comments