When the OEX 4 day moving average (OEX 4dma) turns after falling 8-10 points, look to buy in the 78-82 range.   The fall period has been 2-4 weeks.

ROC level coming down. The May-Jun period took 41 days to bottom. Nov. 6 was the last peak at 7% so 40 days puts it at Dec 16 and the Fed Mtg is Dec. 18. Economy is weaker in November than October. The Christmas Rally this year would start from a low on Dec 17/18 with most of the run until Jan 8.  Jan 15 starts the debt debate again.

Lowest Inflation Level Since 2010

With inflation so low, QE will continue for some time. SPY rebounds will continue.