SP:SPX   S&P 500 Index
SPX closed at 4123.35. SPX is holding the overall pitchfork trendline with it's daily closes, but has wicked underneath twice. It's decently likely that SPX will break underneath sometime this week if we don't see a reversal out of Monday/Tuesday. SPX can test 4085, and likely 4000 next after on the weekly if we do not find support at this levels. Less likely, SPX can bounce here, and break through 4200. Above 4200 SPX looks decently healthier and have potentially be starting to reverse. Daytrading is harder in this range, but given the recent higher volatility, daytrades can work at nearby levels: 4153, 4175 to the upside, and 4093, 4066 down.
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