Revisiting $SPXA200 and $SPXA50

Now that the S&P 500 has made a monthly, weekly, and daily close below the ~1080 to 1120 range that it had been locked in before making a false breakout to 1150, the $SPXA200 and $SPXA50 need to be revisited in order to determine what this latest change in character portends...

On the Daily $SPXA50 -- we have broken down and are now at levels similar to the July low, which of course, was the beginning of a strong leg up. If we break down here, then this is likely not a pullback but a deeper corrective move or the resumption of the larger downtrend...

On the Weekly $SPXA200 -- we see that we have just begun to roll over from the very high level range that this indicator has been locked in pretty much since the bounce began. That means we potentially have a long way to go on the downside...