The SPX has been trading in a narrow range the past three days. If the channel breaks upwards I think we'll see 1300 if downwards a return to 1270 is likely:
Tomorrow the FED has some stuff to say so I guess the market will stay between 1280 and 1290 until then.
Some were pointing out that the current topping process is very similar to the April 2010 one:
Well, I agree, the candles look very similar, and if the correlation continues we should see a slightly higher high tomorrow (1300?).
