Morning Post, SPX, S&P 500, E-mini

11:55 - Can you find the 1m candles in this minis chart since 10:00? 

DOA baby - BEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEP

10:53 - Minis 4hr chart - OK, so if that wedge was not it and we must extend the formation (assuming the wedge is right - which it is)  we then drop lower wedge support diagonal (for the nth time since we cant seem to find where it belongs) - see dashed pink - the low yesterday would be a D touch of the A-E wedge. Now, see that heavy pink dashed diagonal above? That is the Oct '09 S/R diagonal. I like the way this plays out as upside should be a struggle and downside is obviously even more of one.Just a possibility to keep in mind.

10:34 - SPX 30m that black dashed diagonal is off the '09 October lows.

 Here is the larger view again. It can spike thru this diagonal. It has dominated tops and bottoms of ranges for a year now.The heavy red diagonal is the new bear market resistance line off the top in '07. That is the max and where those two lines intersect may be our ultimate destination.

9:35 - Busted channel, spike to 38 resistance and 62% retracemet. 

Minis up 5 Possibly taking out the upper resistance line. 30m chart here is still climbing. SPX 30m should be bottoming. VWAP and 30m 200ma both reside at 30.5 and the 32.5 resistance line is just above that. 42 is the upper VWAP band. Right now with this being a POMO day I'm looking up. Bears have been great recently. Maybe 27 points in just under 3 days was a bit much. A backtest of the wedge is still a possibility.