The monthly trendline from the lows in March to September has been almost straight up and has formed a new ascending wedge pattern. The daily ascending wedge pattern was watch by many bears but never broke to the downside. This is a monthly chart so it will take all of October to see if the wedge breaks, but it is an interesting longer-term time frame pattern to look at. On a longer time frame, the monthly SPX closed below it's 21 EMA and met strong resistance above 1070. There is also a large amount of overhead supply above the 1070 level. On a support side, watch for the 200MA and 200EMA to be possible bounce areas. There may also be support around the 2001 lows.
Resistance:
1061-1110
Support:
1035
1000
1019
992
Watch for these levels especially when they are met with daily support or resistance levels
