Retreat before going higher

ES traded to the tick of Fib61.8, Spx not yet. Market expected to retreat at least to the low wedge TL if not an AHWB.

It may break up first (dont think it can go far though), before a sizable retracement.

ES,SPX intraday

A bigger triangle is in the forming. All retracements occurred exactly at 61.8% or 38.2% Fib. Structural wise, could be A(a(abc)-b-c(abc))-B(a(abc)-b..

CPC started to turn down; T1206 in a bullish cycle, but HIO ROC still needs to jump over 2 to end the bearish correction.

Watch purple line for broken down and 1451(61.8%Fib) for possible broken up.

Spx, ES

ES, SPX: still bullish

strong break out

weekly update

ES & SPX

weekly SPX

ES, SPX hourly

Bottomed?

spx

SPX update

Spx,ES

spx

Spx internal

Weekly Charts: SPX weekly

Short term: long target (-23.6%) from Nov Ret reached. May see Ret again.

Long term: bullish project into May.

SPX closed at HOW, if short at the close Fri. Only 1/10 chance, market will gap higher and never look back. 9/10 chance, market will trade lower at some point. 

SPX weekly update

SP500 downgraded France and other 8 Europe nations. The news couldn't smash an already wound market in Friday. Dip-buyers still prevailed at the end of day. If SP500 couldn't bring the market down next week.  this could be bear's another whack in vain just as the Bank downgrade news on Thanksgiving time. 

too good to be true

Daily charts

Weekly on Spx

Hourly still in the up channel, but be aware of the cycle turn. 

Daily, seems broke symmetrical triangle and doing retest now.

Weekly, bull not out of woods yet, still under heavy resistance.