The SPX did close a second day below the 200 day MA which is now residing at 1114.09.
Breadth finished at 2.01:1, decliners, which is consistent with a 4th wave, and does not support this sell-off as being an important market wide sell-off that has any legs.
The Trend Finder did have one of the indicators switch to a sell signal a couple of hours before the close, moving the Trend to 70% bullish.
1082.20 is now the next support level for the 50 day MA, followed by 1075.17, for the 20 day. Of note, the 20 day MA is rising fast, and could cross over the still fading 50 day MA here with-in the next week.
8:29, Gold continues its sell-off, making another lower low this morning when it broke below 1166.50, the next level for support is now down at 1124.20. This has been an easy chart to trade on, once that lower channel line was busted to the downside in late June, I posted this chart pointing out this fact. Also of note, the RSI is still trending down, and has yet reached a bottom. Gold bears need to watch the upper trend line on this sell-off, as a break out, could signal Gold wants to head back higher.
8:14, There is a big battle going on with the longer-term Fib fans for control, the SPX is trying to escape the last bearish line, and break above one of the bullish lines into a more bullish zone.
7:19, There is a slight possibility that the "C" wave has ended as an Ending Diagonal, the only bad part, the sell-off so far does not look impulsive. For the other option on this chart (gray), the 4th wave can not enter the price action of the 1st, so a break below that red dashed line would invalidate that option. I still see no decent way to count this rally that gives me confidence to trade off of just the Elliott wave count.