Moment of Truth..

Do we see some relief into October? Or, do we lose the 38.2% fib retracement level and fall outside of the ascending channel to test mid-range between 3622 and 3318 to see if we find support?

Fundamentally, Macro seems bad, but forward looking, DXY rolling over, Oil already rolled over... It's possible a relief rally follows before another sell off EOY.

Similar charts with Nasdaq and DJI
SPX (S&P 500 Index)S&P 500 (SPX500)SPDR S&P 500 ETF (SPY) Trend Analysis

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