I posted the SPX chart below in my MarketShadows post at the weekend and I'll post it again this morning. You can see that full post here. It shows the very ambiguous close on Friday at the retest of broken support and at resistance on the declining channel from the high. I sketched in two topping options if we see a break up from there this morning, and they are that SPX has made the first high and valley low of a double or M top, or that SPX has put in the left shoulder of an H&S pattern. Either of those would obviously allow the current high to be tested or exceeded:
Looking at other markets the bearish rising wedges on oil and EURUSD are obviously looking very promising for a more significant decline on those soon. On CL the chart is at a stage where all of the trendline chartists will already have left the long side for the moment, having hit the top of the wedge and then broken rising support from late July. Wedge support is now in the 93.5 area and I'd be expecting a move towards that soon, though we could see a sideways move towards that trendlineabove 95.3 support
weekend post, looking at the bottoming options on 30 year treasury yields. Here is another very long term chart, this time looking directly at USB, 30 year treasuries. The channel isn't as perfect as the one on TYX, but it's good, and is suggesting a reversal at major trendline resistance from 1980:
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