The trend finder did have one sell signal today, and this is one I do not mind sharing. The 3/5 MA did cross at 12:14. This is one indicator, that does have whip-saw to it, but can also provide an early warning signal, that the trend is weakening.
I still have lots of questions marks on the counts, as there are just too many ways to interpret them at this time, but we did hit the 50% retracement level today, so it is possible that the 2nd wave up has been completed, or at least the "A" wave of the 2nd, both options need to be confirmed by making lower lows, the bearish one in an impulsive fashion, with some solid breadth above 10:1, and down volume readings above 95%, or two days of 90+% down volume, or else, this is only a short-term correction, with higher highs still to come.
Breadth for the day was only 1.14:1, nothing to get excited about.
12:25, The SPX is now on support of the 200 day MA.
7:16, The longer term Fib fan chart still has 1173.57 as its first area of resistance, very near the 78.6% retracement level that normally typifies a 2nd wave correction following a Leading Diagonal. 1181.79, is the exact level for a 78.6% retracement.
6:52, The SPX did make a higher high, as the trend continues higher, and the counts are getting really ugly, as that "X" wave looks uncompleted.
6:44, The SPX is attempting to recapture the most bullish part of the fan. 6:35, The SPX opened gap-up WAY outside the Bollinger bands, odds do favor that it will quickly recapture the bands. Upside resistance of the 50 day MA is now at 1137.85, now the big question of the day, is this going to be an exhaustion gap, or a gap of recognition?