Thursday, after the close!!!

The Summation Index is still stalled and it not breaking up and away, something that would favor the bulls, it is acting more as a topping pattern.

After the close, There is a good chance the SPX put a top in of some sort this morning, volume also jumped up today from the low levels of around 1B (NYSE), up to 1.29B, over a 25% increase on todays sell-off. The SPX still needs to follow-thru tomorrow with increased volume and breadth to up the odds for the bears. A close below 1131 would be good, but ultimately the SPX needs to break below 1122.79 making a lower low to confirm a top was in. Otherwise this rally could continue higher with next resistance at 1173.57.
Breadth for the day closed at 1.04:1, advancers, flat.
After the SPX made its high today, it sold-off in a nice five waves down, then went into an a-b-c correction that has retraced slightly less then 50% back to the top. An open tomorrow that break todays low would open the door for the SPX to accelerate the selling and put the uptrend in serious jeopardy.