7:43, The SPX is testing support on the long-term Fib fans this morning, if this fails the next level of support from a bullish Fib fan is down below 1000.
7:28, The SPX looks to have put in a 3rd wave this morning, and now is tracing out the 4th, any break above 1063 should be a large warning that something else is going on with the counts, because with this count the SPX has no business up around that level at this time. 7:22, In another piece of bearish news, the SPX has broke below the long-term trendline from the '09 lows, this also opens the doors to a test of 1010.91.
Breadth continues to increase, now running 9.96:1. Lots more charts coming as I get them loaded.
Breadth is currently running 8.63:1, decliners, this sell-off does have legs at these levels, if breadth continues to increase it will support the wave count of a 3rd wave down.