7:15, Support from the Fib fan chart is now around the 1200 level for the SPX.
6:54, After two strong bullish days in a row, the SPX is starting off this morning with a break from the buying after five waves up were put in. Odds are favoring the 5th wave up option because the run-up was impulsive, not corrective which would of supported the case for the SPX to still be in a 4th wave. Indicators are also in over-bought territory on the 60 minutes chart which suggest a pull-back.
There are lots of charts too share this morning, so please check back thru the day.