It’s showtime for the S&P500, which managed to hold and bounce from its 100-day moving average today.   The bulls must continue their defense of the November 2012 trendline and the 50% retracement at the 1895-1900-ish level.   Would love to see a move down t0 and hold the 200-day at 1860 to flush the excesses, restart the charts and base counts,  and provide a new entry for a fresh bull move into year-end.   Unfortunately,  the market is not Santa Claus and rarely grants what you wish for.    Stay tuned.

(click here if charts are not observable)