If you're getting dizzy you're not alone.
The SPX has spent the last 14 trading days with closes completely contained within the 0.0% and 23.6% Fib retracement area. It's found resistance at the 1342 level twice and it's getting closer to the secondary downtrend line so a test of that trendline is probable in the next few days.
The big question next week will be to see if the SPX continues to head up, and if it can move up and hold in the next fib area between 23.6% and 38.2%.
The price action is still extremely volatile and it continues to keep fooling everyone, so keep your mind fresh and watch the price movement closely.
SPX Daily Chart:
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