Technical Analysis on .SPX, SPY& NYSE

Hello everyone! Today I want to share some analysis on .SPX, SPY and NYSE with you!

$USD Index(USDindex.FOREX)$ China Connection: $S&P 500(.SPX)$

(1) even with some surprising rate-cut measure by Chinas' central bank, its stock market continues the downward slump today. (2) no spill-over effect--until a few hours ago--when SPX suddenly realized that something went wrong and gave back all of its gains.

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$SPDR S&P 500 ETF Trust(SPY)$ SPY BB + SMA 50:

(1) since March 29, when SPY jumped over SMA 50, it never dropped below this pivotal line.

(2) also, whenever SPY touches the lower BB line, it would reverse higher.

(3) interestingly, both these two yardsticks join together near 443.5, roughly equal to SPX 4443.

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The low is 443.8.

(1) very close to the super-support level. Bulls better defend this zone and turn it around by the end of day.

(2) today is a cycle-turning day--should set up a bottom of some sort.

(3) tmrw is VIX-expiration day--in the past, it normally triggered volatility.

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$NYSE(NYSE)$ NYMO=The damage is done:

(1) NYMO hit the lower bollinger band and dropped to the lowest level since mid-March.

(2) a rebound then a higher low for NYMO is expected for the next few sessions.

(3) Jackson Hole on Aug 26 would set the tone for the next phase of market.

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