SPX - Zone Test put on Hold

The SPX 500 Index, in the early part of the session, continued to drop towards the "Zone" . After testing the combined Fibonacci levels [ L1DF854 and L2AF0334 ] at 1297.31 and 1296.59 the Price reversed at the intraday low of 1296.53 . Then at midday the Market Makers turned on the afterburners and the Price started another "Icarus"  rise . The rise was stopped at 1320.71 . This resulted in a negative test of the Fibonacci level L2AF854 at 1320.69 . The Price retreated slightly from the intraday high to close at 1318.86 . That level just happens to be, using Planetary ratios,  the L2APR180 .

With the positive action, in the afternoon, all of the Birds reversed their downward trend . The CCI 6 dipped slightly in the morning and then reversed ending  well above the +100 level .  The CCI 20 and the CCI 50 both reversed at the -100 level and rose to clear the Zero level but still have the +100 level to clear to confirm that the Price is on a real sustained rise.

The EMA 5 / WMA 13 indicator had a positive crossover in the last hour .

In summary, the Index Price, is again at  a "Road Not Taken" situation.  If the trend line provides support then we could see another try at breaking above the Fibonacci level  [ L1AF236 ] at 1321.09 . If that level is cleared then the Fibonacci level [ L1AF382 ] at 1339.10 will become the upside target.  That looks to be the scenario for tomorrow.  However, if there are negative developments before the Open then we could see the price continue back down to sub 1300 and test a potential internal trend line of a short term contracting triangle .