Roulette anyone? Points to consider. Fib retracements line up with 200 day ma, and next obvious support line. The moon. Note the volumes of each pull back, the increasing volumes are sustained and longer, deceasing volumes of sell time frames show lack of bear commitment. BUT, however,. and also... the buy time frames, rises in price, also showed lack of commitment, decreasing volumes. Although typical for any cycle, I believe it shows overall market indecision to establish either trend. Just looks like waiting in a range, and we are headed down to, where she stops no one knows, levels, until we have a major news or economic catlysist. The dec 16th fed decision perhaps? I think there are enough bulls in the weeds, just laying there, hoping for yet another decision to keep rates the same or even go lower. It will be interesting to see the price action of options and volumes dec 14 and 15th. Unless something happens, like Putin sending in ground troops by the thousands, well, we wait, and drift lower, because earnings will be sad, and retail is fading, volume purchasing online is for values and low end products. US becoming a less consumer spending driven economy by the month. After all that, I still think OIL is the key. spx500 will follow its price for now. And that price is down, unless, again, something happens world wide to disrupt oil fields or supply line route (Middle east turmoil or south china sea type things) and this descending wedge is for real until then. IMO