7:37, The SPX is coming up on its last point of major resistance on this chart before making new highs, the older high at 1131.23. Also has cleared the bearish Fib fan, leaving only one fan line left that is bearish, and that fan is on the weekly charts, from the highs back in '07.
7:26, The tight Bollinger bands are still in play this morning. When they get this tight there is normally a break-out and a large move follows.
7:21 The SPX had a gap up, after the open, then quickly reversed, if 1116.76 gets taken out on the downside, that gap-up could be considered an exhaustion gap, a last gasp, so to speak before topping. 1088.01 would need to be taken out to confirm that a top of some sort was put in.