Today's action added some refinement to the daily SP 500 futures chart.
How this formation resolves, up or down, may depend on what happens in the next few days with regard to Europe and the Fed as you might expect.
“Thus, it should be understood that when pro-US figures use the term, 'rules-based international order,' they are not referring to anything analogous to the rule of law. Quite the opposite, they are using Orwellian language to describe a system in which essentially no rules can be established and/or observed, given that the dominant state has the prerogative to violate and/or rewrite “rules” at its whim.” Aaron Good, American Exception