Retest Likely Soon

SPX is finally retracing from a rising wedge from the last lows. I'm not expecting a huge move here as this looks more like the first move down to establish short term double top support. SPX looks likely to gap under 50 hour MA support at 2115 and there is then strong support in the 2099 to 2103 area. Both the 38.2% fib retracement and very attractive looking possible rising channel support (blue dotted trendline) are currently in that area and we might well see that tested in the morning before a strong rally. SPX 60min chart:

My internet connection here is less than ideal but usable. I'll be trying to post an SPX chart before the open tomorrow and Friday.