The SPX high on 11/29/16 may have been the termination point of a rare Running Flat. In this formation wave (c) fails to exceed the termination point of wave (a). This is a very and if correct the SPX could quickly drop significantly below the bottom labeled (b) at SPX 2198.
Stop loss point for shorts is a move above SPX 2210.50.
If the SPX closes down on 11/30/16 I will post a daily SPX chart with down side price target.
Pattern in place in the S+P is also a textbook" Reverse Head and Shoulder's "pattern, with 2200 Base Support.
2210 is resistance, and a move above that neckline could bring a quick move up to 2219-2220
Stock futures are rallying, as there is talk of an OPEC agreement, with crude oil futures spiking higher by $2.00