8:31, Fib fan support is still holding in BKX.
8:06, The SPX is close to testing support at 1171.17, a break below this level would most likely signal a top of some sort was in, 1171 is double support right now from both, a previous low, and a trendline. 7:58, The structure of this recent sell-off from the 1196.14 high does not look as impulsive as it does corrective. It would not be the first time however that the early waves(squiggles) of a major sell-off started as a corrective structure before exploding downwards in an impulsive fashion.
7:35, The SPX broke support from the middle band of the short-term(gray) Fib fan, and now is in the least bullish part of that fan, with new support in the 1175 range.