Here is a chart of the SPX, 60 MIN. looks like we had a triangle pattern develop and broke down out on July 6th, I think what is happening right now is we are in back test mode and will hit the bottom of the triangle. This is what I am counting on at least, there is a lot of resistance overhead, MACD did cross the 0 mark which is bullish but the stochastics is oversold and looks like a bearish cross is coming.We have resistance at 904, 20 sma, 907, 61.8 fib retracement from the last high. So we have those in our favor. I am looking for a pullback to resume over the next few days.
