In my post a week ago I was saying that SPX was back on the Three Day Rule, and on the third day SPX closed clearly back below the 5dma, triggering the rule. That means there is a very high probability that the 4114.65 low will be retested in the near future.
SPX daily 5dma chart:
After that break SPX backtested the daily middle band and rejected from there. That makes a very decent looking candidate rally high.
SPX daily BBs chart:
On the SPX hourly chart a decent quality double top has formed that on a break and conversion of double top support at 4279 would take SPX back most of the way to the low.
SPX 60min chart:
On the NDX hourly chart a smaller double top has already broken down with a target in the 13500 area.
NDX 60min chart:
The matching double top on ES broke down overnight but has rallied back strongly so far. We’ll see if that follows through to the downside today.
ES Mar 60min chart: