MTU Weekend Ed. - Fresh Closing Low (11/23/18)

SPX saw its lowest close (2632.56) since it late September peak.  While the Oct 29th intra-day low in SPX is lower, it closed at 2641.25 that day.  SPX is now probing its lower BB band once again (Chart 1).  The potential for a series of 1s/2s decline remains (Chart 2). Dynamic support levels are 2565, 2500, 2430 and dynamic resistance levels are 2725 and 2775.

 This week, the equal-weighted SP500 index joined RUT and MID in making a death cross (Chart 3).