Sp' daily, bullish
Sp' daily, bearish
Transport, daily, rainbow
Summary
The bulls are still in control of course. From a daily cycle perspective, the 10MA of 1386 will act as the first line of support tomorrow. We saw a bullish cross today, with the 10MA crossing back over the 50 day.
The bears are still desperately hoping this is one giant H/S formation, with the (pink) bear flag as the RS. Only a break under the recent low of sp'1357 will give a preliminary confirmation. Arguably, the bears need a break of 1340 and then1300 to confirm the bigger bearish theory.
Finally, all but one of the 'rainbow' charts remain bullish. However - and most interesting of all, the Transports put in a sell signal today (at least via the Elder Impulse chart-style). Keep in mind the weekly and monthly cycle for the transports, the direction in which the 'tranny' goes..will most likely be the one in which the main market eventually follows.