The chart indicators are staggering sideways after the red lines created the negative divergence spankdown starting last Friday. A potential sideways symmetrical triangle pattern may form as the indicators line out sideways. This places the top trend line at 2105-2110 in play and the lower trend line at 2075-2080 in play. The thicker line representing the vertical side of a potential sideways triangle is about 70 handles, thus, if price breaks out higher from 2108 the 2178 target is in play; call it 2180. If price collapses out the bottom at 2077 then 2007 is in play; call it 2000.
Watch the 200 EMA at 2099 above since it decides who wins the game for the hours and days ahead. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
Note Added 10:58 AM: The SPX tried to break out to the upside from 2097-2099 printing a HOD at 2102.51 but leaks lower back into the 2097-2099 decision range again then slips out the bottom now printing 2096.12.
Note Added 11:07 AM: The SPX is 2097.02. LOD 2094.36. The battle continues; a tug-o-war at 2097-2099. Who will win?