Don't expect any decisive move yet. The market will keep moving sideways for the time being. Look for the SPX to make a bounce tomorrow (most likely) or a small down day that will be a setup for a strong move up on Wednesday. The bounce will take the SPX back to the top of the Diamond Pattern in play i.e 1260 - 1265.
I expect SPX to keep moving sideways in the Diamond Pattern till a BREAK LOWER occurs, which I believe will take place on the 20th (less likely) or 27th (very likely). Will be dealt with later.
SPX-DAILY
SPX-30MIN SHORTER TIMEFRAME (no LONGER TIMEFRAME chart today).
