At today's high...

Targeting much lower levels if Larry's count is correct.

875-827=48 points 48x .238 = 11.4 11.4+ 827= 838.4

I'm neutral at the moment but looking for clues for the bear case...I wouldn't be too fond of the first chart if I was bullish.
...there is also a huge divergence with the BPNDX on the high made late Monday and yesterday morning...was also a possible double top at the 2004 low. A few charts with comments fwiw.. As I mentioned earlier in another post...SPX has to break and preferably close below 820 to even start a move towards possibly breaking the January low at 804 spx..
http://stockcharts.com/c-sc/sc?s=$OEX&p=D&yr=9&mn=6&dy=0&i=p47606336353&a=124626876&r=2507.png

http://stockcharts.com/c-sc/sc?s=$BPNDX&p=D&yr=6&mn=6&dy=0&i=p14788569990&a=87769691&r=8792.png

http://stockcharts.com/c-sc/sc?s=$NDX&p=M&yr=13&mn=6&dy=0&i=p54170002834&a=98654220&r=8799.png

http://stockcharts.com/c-sc/sc?s=$BPSPX&p=D&yr=5&mn=11&dy=0&i=p00054651393&a=28995683&r=9989.png

That divergence isn't pretty, Tea. Reminds me of when you pointed out the divergence on aapl and isrg-killed both those pigs-thx.