Minis finally decided to turn. It took a while, but they did. Maybe the bears can finally get some traction after the jobs report went thru.
SPX 60m - The divergences here can no longer be ignored. there is a lot of red on that chart below, but you know I do not trade by the 60m charts. You can see the two sets of fibs that give you a good idea of the target ranges that should be in order IF we finally turn near here. 1110 is a nice confluence of the 38% fib of the larger move and the 61.8% of the smaller rise. I added a green rising wedge A-E formation. I do not like it, but you have to entertain the possibility. It almost gets us to quarter end (and you know how they like those QE statement prints for clients). I prefer the ABC corrective ending near here, but if the green wedge does play out it makes a nice double top (confirming the larger double top) and it will allow time for the weekly and daily charts to set nice divergences.
SPX Daily - Overbought but no divergences.
SPX Weekly - MACD hist still not positive. S and F Sto not thinking about turning. RSI5 is at the divergence line. SPXA50 has made it to 400+. This chart says not yet.
No futures this am, sorry.
GL out there.