Breadth for the day was 1.355:1, decliners on typical volume for this week. Again this suggests a 4th wave correction, and a flat day. These are just the type of days that burn-off any over-bought conditions clearing the way for higher highs.
Levels for tomorrow are still the same as yesterday's, and are a minor low at 1153.72, and an important low at 11.41.45, which would signal a trend change is likely, or in progress.
The SPX is riding above the lower fib fan line of the first chart I posted this morning and closed right smack in the middle of the Bollinger bands in the chart down below.
The a-b-c count I have going on the chart above is also still a very valid count and can even be broken down further as a double zig-zag, and is well worth keeping on the radar.
10:58, The Bollinger bands are starting to tighten up, usually a good sign of consolidation going on, normally in a 4th wave of some sort. In other words, a boring day, until it breaks out.
7:32, This is what I have this morning for the more likely counts, still waiting for a decent correction to appear to help confirm one of the counts. So far, no higher highs, nor lower lows have been made, so the trend continues as up.
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