Below are monthly and weekly pivot charts as well as some strength and momentum charts. My Buy/Sell indicator is "fluttering" and that suggests instability.
Well the SPX appears to be getting somewhat tired and slowly loosing strength.Top side is 1345-55, with 1345ish being most likely. The down side is hard to suggest but my best guess is in the following steps, 1325, 1310/15, 1290. Each step being an area of support that may or may not break down.
Of course time will tell but 1370 does not appear to be happening over the next week or so. There is a strong suggestion that it will happen, but the BOP, money flow will have to rebound before 1370+ becomes "real".
Comments welcome,
