As well, the Awesome Oscillator has just turned negative in Sunday's overnight trading.
Price on the following SPX:VIX ratio chart has slipped below 100, once again.
It needs to retake and hold above 100, the RSI needs to rise and hold above 50, and MACD and PMO bullish crossovers need to reform to signal potential sustainable SPX strength.
So, keep an eye on whether these ratio parameters can manifest, together with a rally and hold of the ES above 3075, plus a reversal and uncrossing of the Alligator moving averages to the upside, along with a reversal and hold of the AO above the zero level.
Otherwise, we may see more SPX selling to retest its June low of 2965.66, or lower.