Breadth ended the day at 1.16: decliners, pretty much flat, considering the size of today's bounce.
Tomorrow morning I will have a post with quite a few charts with all the support and resistance levels, as well as a few Fib fan charts to get ready for Monday morning, enjoy your week-end!!!!
7:50, The SPX so far has not filled that gap from the open, and now is in full sell mode, leaving the possibility that a top was put in at 1128.75, 1088.01 still needs to get taken out to eliminate the "B" wave option. Currently breadth is not confirming this move, and is only running 3:1.
7:11, The previous high on the SPX has been one tough cookie to break thru.
7:00, I have seen this time and again with the SPX head-faking with a quick burst out of the Bollinger Bands then immediately recapturing them just to head the opposite direction.
6:57, until the SPX breaks the channel, and takes out the previous low of 1088.01, this most likely is still part of the "B" wave with one more wave left to finish-up this rally.