SPX Bullish Percent Chart

Bullish sentiment on this chart has finally broken down and moved beneath the 50RSI mark. Its still above a typical “bounce” point. So this chart supports a further move down to more bearishness. As my notes on the chart say, the SPX has fallen only 30-some points from its high (today’s prices not the recent [...]

SPX Support Layers

Beginning of a significant decline? Futures point bearish. Here are the support layers that exist from 878. There exists support (which may quickly become resistance) at 935. The next support layer spans from the top of the gap at 923 – 927 or so. After that breakout support at 914 and a little below that [...]