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S&P 500 Index

SP:SPX   The S&P 500 Index
S&P             Has hit TIME 2723 DAYS & PRICE 1.618 Extension and failed. This has triggered higher time frame sells, this first leg down broke the rising channel line, the market . The impulse down was out of a daily sideways line, and has no formed excellent resistance above. Although still in a bullish trend , the market needs a resting point, either an AB = CD down or a 5 wave down to come. DOW has now wiped away all of 2015 and 2014 gains, keep this in mind for larger term downside. APPL             seems to be hurting due to the Chinese Devaluation of its currency....get ready for a fun fall of volatility!
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