The S&P Index peaked on Friday – the day of the biggest IPO of the year for Alibaba. The price at the high extended JUST above the topside trend line connecting most recent highs. That line came in at 2017.80. The high reached 2018.90, but closed below. HMMM. On Monday, the price moved lower. On Tuesday (September 23rd) another 11.52 has been shed. The price is near the low from last week at the 1978.48. The 50 day MA comes in not far from that at 1976.08 (should be a little higher tomorrow). Is there more to come? The momentum to the upside is rolling over a bit. The highs are higher but the topside trend line is ... (full story)