Morning Charts 11/16/207 SPX

Holiday ramp time - already? That was it for the correction? LOL, not surprised if that's the case. Sad, cause a move down to 50 would have set up a nice RS move and an even larger HnS to deal with.


On to the lie - 

SPX 15m - follow the colors best you can for all the different scenarios. Until they break out of the upper falling channel resistance (which could be this morning) I'm forced to stay with down as the trend.

 
More to come below. 

Have a good day. 

Happy Holidays, GL and GB!