SPX
since sept has been oscillating under 100 days SMA; after retracing 61.8% of Sept peak to Oct trough remain fail to close above 100 days SMA is no at a all a bullish sign, bias remains sell the rally, continue to see if it has the ability to probe 4425, failure to test latter and close under 4355 is an early signal of more weakness is ahead.stop loss unde 4200 will expose pivotal support at 4100 below latter is the beginning of the near bearish cycle unfolding 3rd of 3rd wave down
SPX
since sept has been oscillating under 100 days SMA; after retracing 61.8% of Sept peak to Oct trough remain fail to close above 100 days SMA is no at a all a bullish sign, bias remains sell the rally, continue to see if it has the ability to probe 4425, failure to test latter and close under 4355 is an early signal of more weakness is ahead.stop loss unde 4200 will expose pivotal support at 4100 below latter is the beginning of the near bearish cycle unfolding 3rd of 3rd wave down