How are you feeling about the SPX daily? Where do you think its going and why? To me everything looks very bearish, 1. you have huge run up that peaks on high volume (day of cancelation of greek referendum) 2. The next big volume afterwards is quite a crash 3. prices consolidate at high levels with abnormally low volume 4. two bearish flags/pennants If price breaks the small trend line I drew on the chart, we could be in a free fall until 1040. Am I missing anything? What do you think about this?