Bulls win. On 9/30 I pointed out that the SPX recovered 2HS2 level and called it "potentially a big deal, especially considering all the other long term levels in play" and then wrote a larger blog post about it. At the time I said SPX needed to confirm by clearing the OctP and Q4P which were above. Well, the bulls did exactly that with a rally above OctP at 1937 on Friday and Q4P at 1973 on Monday. Along the way SPX also reclaimed the even more important YP (yearly pivot) at 1963, so we can start thinking about the chance of YR1 2188 again. These days of status change on big levels tend to be definitive.

After a huge rally it would be normal to have a pullback, so watch these levels to hold as support. Q4P 1973 and YP 1963 are the larger levels; then last chance at OctP 1937.