12 Nov 2015 - No Man's Land

SPX closed the day with prices in "No Man's Land"..  I would have thought the 200 day MA with the 60 min 200 MA would be strong enough support but markets dictate sentiment and they closed below these levels.  This leaves prices nowhere near any support other than the next 75 day MA and Lower BB that is converging at the 2020 level.

We did however get a positive divergence in the intra-day charts, but this should be confirmed by a rally and signals closing out of OS.

SEN: Bearish
ST: DOWN
PA: DOWN

Yesterday we also noted that prices closed below our Gann angle and high probability exists of more downside.  This is still the case today with the 200 Moving Averages being broken in the immediate time-frames.