Looking for a retrace at least to around the 111.05 level. The green dots are potential future targets. A new high will negate it hitting the green dot towards the bottom.
$SPX is not overbought yet. It has formed a succession of wedges each back testing and then failing.
The VIX has held the red-dashed upper trendline. I am expecting a move to the lower dotted trendling on the VIX.In conclusion, I expect it to be up early next week.
