SPX - The time has come, break-out or drop down.

SPX spent another session with a sideways action without worrying that Pres. Obama will not negotiate debt and AAPL falls by 4%.

The main scenario and the alternate do not change; on intraday basis, it's possible to see a nice Cup with Handle pattern, but the breakout is needed today or the pattern has failed and a downward move becomes more likely.

Have a great trading day...with much care!!!

ElwaveSurfer