STOCH: This indicator clearly shows an overbought situation on 1D and lower time frames! Only on weekly and monthly, the indicator is still increasing!
Line Study: Another rising is probably forming, which would be a signal. For the very near term, we will see resistance at 2750ish (blue line). If this level would be broken, SPX would trade in the old trend-channel again, which started in Jan 2016. This would def. be another signal, where fresh money could come in!
According to Wyckoff-Accumulation, SPX and DOW are probably in phase D, with a possible sidewards reaction. This could also solve the problem!
During the coming week, we will see, if this wave 3 pattern is real and the SPX continues to rise. TP for this wave would be 2849 (1,618), which is very close to the ATH- Currently, I wait for confirmation for a break or a continuation of this last leg..