all 3 majors hitting some TL or level. u can't make this stuff up. not saying blow off tops are not possible this month but once again the easy money on the long side has been made. bulls and bears make money, pigs get slaughtered.
using the oval denoted low of 1560 on june 23 and the oval high of 1729 on 9/19, you get a mean reversion # of 1704 ,using mp you get a popular price at 1720-22 and a widest nip of 1694-84
this is a soft resistasnce indicator, meaning not accurate,but an overbought gist,above 70% who's left to buy, and below 30% who;s left to sell http://www.barchart.com/stocks/momentum.php