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

12:05 Possible HnS - RS should be topping right now.I hate calling these patterns cause they are not very reliable, but when the do work it is a good thing. Just something to keep an eye on. 32 target.Here you also see C and D touches of the wedge (black) that may be in play as well. Up for E works here as well.

11:50 -
Red is the upper bear market resistance.
Blue dashed rising wedge from 1040.
Solid blue is the diagonal from lows in Oct '09. 
Red dashed is the resistance/support line running from early September that forms a possible neckline thingy.
Green is a possible channel down.
Purple is possible ending diagonal up here. 
Black is possible triangle/wedge we're in now.
If it does not top here it all points to limited strength and a range bound churning action thru October. The October '09 diagonal near 47 is dominating play here IMO and that bad boy red upper resistance is bearing down. The top may be in but is ti ready to fall is the question. I think we'll know by the end of today.

10:12 - SPX 30m -  Looking at a potential channel with the green dashed lines. Possible wedge/triangle forming here not drawn yet. Red line above is the new bear market resistance line. 48/50 is clear resistance.

Minis up 3.25 at midnight.

Same picture different day.

Daily - Note the blue diagonal and the upper bear market TL.

15m - and the basic intersection of the blue diagonal and the wedge and the bear market TL and the spike in price to hit really close to that point. I swear I rarely move these lives once they are set in the right place. That should have marked the top If  price is going to obey that upper diagonal off of the '07 highs over the April top, that was it. I'm reluctantly not calling it though. Not yet at least.