Early in the day there was a failed attempt at a move above the late day bounce made on 11/1/16. After the FOMC the SPX made a new decline low and register significant divergences on the 30 min and . Strong resistance is now at 2117.60. If the SPX can rally on 11/3/16 be alert for a possible top anywhere between SPX 2113.10 and 2117.60.
Also watch the NDX vs. the SPX . Intraday the NDX has been underperforming the SPX . If intraday the NDX fails to confirm a SPX peak, it could be another signal of a developing top.
If the SPX fails to move above 2113.10 and goes below 2094.00 it could be a very signal.