Two places I would look to long the SPX would be a break to the upside of the current triangle it has been in for most of september or a retest of september lows @ 2119.1 or the 38.2 @ 2116.6 I believe the SPX has a target at 2248
starting 09/27 there has been increased accumulation of the es inside the triangle it has been in for all of september
The has a positive look at the moment.
oscillator is similar to the feb and brexit lows with the accumulation percentage indicator (coded by Lazy Bear) is indicating an upside bias. This looks like price wants to test ath´s or breakout to new ath´s.
I could be all wrong.
AAII Sentiment is falling like one would want to see where the majority of traders get caught on the wrong side of the trade where they are forced to cover. AAII sentiment looks more like a bottom is forming over than a topping process.
The Curve which was coded as a monthly indicator has given a buy the dips signal for the last three months.
Now looking at the news in general. With Deutsche Bank ( DB ) in the news where youtube and facebook "economists" are literally saying DB is Lehman Brothers and will cause market contagion, you have to wonder how much more DB can go down after correcting 92% from year 2007 highs. It could go to zero and I am 100% percent wrong. This is why stops are used. I am not buying DB , however if DB continues to rally or hold TL support on a log chart the DAX could rally which would be positive for US markets.
The NDX looks like its still trying to complete a up at 4971.2
If the NDX breaks 4971.2 there is a pattern it could try to make where the target would be 5265.6
Good luck with your trading.
My newest bearish idea is one month old and has the final top around the last week of October:
Which correlates with my more than one year old bearish turning point idea that the current rally ends in late October: