Boy, that pissed her off even more!!!
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiYISE3MvOJ1jICvXzb4RQCV3-sXVIFrI8m4tqWGmHNTymIyt5Ml1NlRKtd_GUHWdbSxBHizwnDljQ0wtsCPbem558X96jbEX4jpEJ2eXBPWwcRFaeYsGWYjxsdaQ2Hnrmm8GAnCuiZOASD/s320/spx-18-2.png)
The SPX did make a higher high today, confirming the trend as still bullish, but after that high, the SPX went flat and spent the rest of the day stuck in a 4 point range, something that is hard to get used to after all those 15-20+ point days we have had lately. The squiggles today where again a series of a-b-c's, that most likely is building on a larger set of corrective waves from the last three days. This is turning into a corrective nightmare, hopefully, Monday will have some decent movement to it, as today, being OPEX Friday sure did not clarify a thing.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhSX3b6DwnpCmgHrOYgOaRIm8ppsuW5XQdCQnep4_7_53AP3t6D7YWE6YFI3Cvw0u33TiI-6pDDagq5bJRcMEqn1iuGsQDznqs_coQ3AX5EFOJ6lBoR_5Om37CqY5eyfhpC87t35oOA7QCO/s320/fib-18-1.png)
7:56, With no more bearish Fib fans in the picture, next resistance is all the way up at 1173.57.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiZQWiYSRn7IV3gw6S5GhSp7pXnSvcm_3Wa1h9EINTh4UWi-SyotBPh83o5QS-1C-25-UEEZ-XA7oPRCkVqavyb7SkfsEe1pKtm619QxerPzKWoSGSRF0LMRnZRNbbvhpBu7IpiSlizMFJI/s320/spx-18-1.png)
7:40, This is my best guess on the short-term count, it is a low confidence count, as there is more then one way to interpet the squiggles. The channels, and support levels are something to watch, but as long as we continue to head higher in the upper channel, the trend remains bullish.
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhs1biANuksjADUJeleT4aPH7Z_pcHhz5XuNxhEp3G5EZ_ifPs_rYV6L5sSID0hHOdyPuCvCGW_WeXzgPMCp32qR-4bk-PIjcEG0-TxpasRhajVs97caY8S5sqHOuo3Y5RKhiit-9F2Dl2f/s320/fib-18.png)
The SPX has dropped out of the most bullish set of fans, down to the middle set. Momentum is starting to wane when that happens.
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