Alright, so right now SPX is below the 5-day moving average, the 50-day moving average and the important 1947 breakout level. 

There is plenty of “head-fake” talk starting to be rolled out here. 30 minute chart

But lets turn our attention to the SPX 30 minute chart that tells a few stories of its own. 

I’ve put my comments and analysis directly on the chart:

spx 30 minute chart with double top bearish wedge and rising trend line test

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