Rising Support Breaks

Bulls had an ok day yesterday, but they're looking tired here, and this morning has seen the rising wedge trendlines break on both ES and SPX. There is a small double top on SPX targeting 2149 on a break below 2159, and I'm looking for a larger topping pattern to form, so I'm going to be watching the possible H&S neckline in the 2146 area. SPX 60min chart:

Until there is a clear topping pattern the high on SPX may still be retested and exceeded, but SPX should now be in a short term topping process for a decent retracement before most likely going higher. Ideally the retracement target would be a retest of the daily middle band just under 2100, and that's currently a good match with a 38.2% fib retracement of this move up from 1991. 

I'm going to be holiday from Thursday 21st July through Friday 29th July. I'll get a couple of posts out over the period but my internet access is likely to be patchy. Everyone have a great weekend :-)