I am short on SPX for a plethora of reasons. But for now we will only discuss the technical. We had a double top after this ramped bull markets ATH. It seems that the resistance created by that double top has formed a new downward channel. We have only had two bounces so it still needs some more confirmation before we enter a new trend. The real test will come next week. Will SPX hold a tripple bottom and resume to the last leg of its bubble? Or will we spiral downwards from the reverse head and shoulders into doom.