SPX Daily Chart Fibonacci Retracements Gaps

Chart illustrates some of the Wake Up commentary.  See how price came dow to touch that 1297 gap and test the 62% Fib? Watch the 20 and 50 day MA cross. The 20 is under the 50 now which is bearish. This level of 1311-1312 for the 20 and 50 MA's will serve as overhead resistance. Price moving above here is very bullish. There are two gaps above, one at 1344 and the other at 1360 which require filing some day forward.  The lower gaps will be revisited in the days and weeks ahead as well; 1297, 1280, 1268. Watch the 50% levels for the RSI, stochastics and money flow since these are tools to tell you if the bulls or bears are winning. At this juncture, all three are under 50% favoring market bears.