Still looking at a possible HS from the day before...

We opened right at the wedge line and dipped down into the falling wedge on the VIX:SPX today before finally rebounding strong and finishing outside the wedge. Look at the 200dma as resistance, but I expect we will make it through on the second attempt.

It looks like whenever the derivative(as in instantaneous slope) of the 20ma on the BPSPX:$CPC goes to zero from positive side (slope is up left to right and starting to flatten)...then the market marks a MAJOR turn. This is usually confirmed when the 20ma crossed the 50ma.
Well...it looks like it flattened today...