The chart I posted on twitter after the close yesterday showed the 69% bearish rising wedge that has formed from the last low on the SPX 15min.
The W bottom broke up yesterday and is now at the usual point where these patterns can fail, which is just above the breakout level. If this bullish setup forming over the last few days is going to fail, this is the most likely place. If the rising wedge breaks up today, we will then have a triangle, W bottom and rising wedge pointing back above the current highs. At the least I would then expect to see a hit of the SPX daily upper bollinger band in the 1672 area and most likely a retest of the highs. SPX 15min chart:
All three patterns are also visible on the ES chart, with the double-bottom there being stronger and clearer negative divergence on the 60min RSI. The double-bottom breakout was retested overnight and held, that is main support today with secondary support at the 50 hour MA in the 1640 area, and some support below at the triangle breakout level in the 1630 area. If we see 1630 break with any confidence I'll be looking for a test of the June lows. ES 60min chart:
On the SPX daily chart the close yesterday was six points above the daily middle bollinger band at 1640, and if that holds today the next obvious target is the daily upper bollinger band at 1671. The weekly upper bollinger band is now at 1685. SPX daily chart: