Breadth for the day finished at a whooping 1.01:1, decliners, on low volume, this is what is making me lean more toward today being part of a 4th wave. Anyway you put it, I do not see much more left for the bulls at this point, the technicals are all in agreement that momentum and volume are drastically dropping in the late stage of this rally, and when it hits that critical balance point, it will roll over and the bears will have the ball back.
11:23, The consolidation today has caused the Bollinger bands to really tighten up on the SPX, we should expect a large move coming here very soon.
6:51, The VIX appears to have broke up and out of the falling bullish wedge, this very well could be the first sign that the equities are about to enter a sell-off. Breaking above 21.14 would be making a higher high, another bullish sign that the down trend is in jeopardy.