The SPX finally made a lower low putting the up-trend in severe jeopardy and broke down and out of the channel, but still needs more follow-thru to confirm a new down trend is in place. A break below 1155.41 would accomplish that. The next level of support is from the 20 day MA at 1156.23 before the low can be tested.
The move down today can be counted as a five wave move down, that finished near the close in a bullish wedge. That opens the door for a run up tomorrow for the 2nd wave up.
The Trend Finder also went 25% bearish this morning.