SPX
@ critical level on weekly chart while also flashing a Weekly TD ell Set Up. If orange line (last top) fails to be taken out this week (weekly 9) then at least a short-term correction likely.
Daily chart below shows how a completed Sell Set-Up failed to take out the orange line so far this week with today on watch for a color flip to a red 1 on the Daily.
Should yesterday's high hold through tomorrow's close...I'll return to this post with potential downside scenarios.
www.tradethe9s.com
If it comes below the orange line (little over 1% drop from here), then that keeps the Monthly count to a TDBuy SetUp in tact.