SPX - how I see it E-MINI S&P 500 FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME_MINI:ES1! DHLawrence I see we are opening today near a strong resistance vector. The top may already be in, just shy of the line, which seems to happen in these consolidation waves, and may even be a bearish sign that the bulls exhausted before the most prominent resistance. This bars pattern is just a scaled copy of the previous up and down wave during October. The Stochastic Relative strength is showing overbought (or approaching overbought) on multiple time frames. Things to watch for: - Will the red dashed resistance vector hold? - If this plays out, what happens at the end of the projection? - Will the long range Blue support vector hold, - or will we begin cascading down through all previous supports? I constantly update my drawings... the support vectors are ever changing, as are our investment strategies. stay sharp!