$SPX 60 Minute: The red line reflects we have not made a lower low yet, which leaves the door open for a new high as part of this leg higher. It's really that simple and if it's higher it could take the rest of this week to scratch another new high. So, we need to watch market structure and the Fib. retracement levels.
$SPX Daily: On the daily chart, it looks like a little inside day today. BBs are pinching, so we should expect price to move out of this little 30 point zone soon. The MACD suggests it's lower, but again we need to make a lower low on the intraday chart and take out the gap in blue on the 60 minute chart.
IBM: Holding up quite strongly, nothing bearish in Big Blue's pirce even though it's very over bought.
JNK: Another test of the upper BB.
$VIX: A little inside day and a little back test of the down trend line. If this is going higher it should happen soon.
$WTIC: For 3 days price traded below price support and the green trend line and that turned out to be a head fake pre-Egypt. Now we have reversed and moving on the top trend line. We should test that soon. Above that should be really bullish.
COST: Continued to move a little lower on an up day. Seems like we test the lower BB and price support soon. If so, it should happen soon. Below support is far more bearish in structure.
CCL: A little inside day just above the 50 day MA. We should test the support lines. Below that and the bearish view gains momentum.
BA: Stock is in a channel and has rolled over with the MACD. Today price under performed the market in what looks like an inside day for BA.
AMZN: Price is still pushing lower below the lower BB but just a above a little uptrend line. Below that, it could slide to price support, which is cluster support on the weekly. BBs are still widening.
FAZ: The BBs are really starting to pinch. We should expect price to move soon.