We have a turn down on our 60min Stoch. for SPX. This should start the move down and continue tomorrow once we cross out of the overbought situation. The impulsiveness of that move will tell us if this is going to fall further or its just a correction for more upside. One thing to note is that our Daily stoch. shot up today to overbought position from mid level yesterday. Definitely not normal, but good sign for bears that this move up is not one that drags up forever.
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