$$ $SPY $SPX Weekly Charts, Stochastics Overbought, 50% Fib Retracement
Very basic analysis, sometimes works the best. I look at the $SPX index though normally trade SPY.
Click charts to enlarge
S&P 500 all-time high was 1576; March bottom was 666.
1121 or around there is the 50% Fibonacci retracement level of that drop. S&P is having trouble going higher. Although we may not get a correction going into the holiday season, I think it will just keep going sideways at best. (Btw, what did the Fed say today? Someone Google it for me, please! <--- it's kinda funny, click the link)