Launch! Finally Q4R1s (red crosses) turned into support for all 3 variants on the benchmark index, SPY, ES and SPX. SPY was the only one of the three to look more negative yesterday. Today the level was clear support, and as long as that continues to hold the target zone is the DecR1 / 2HR1 combo at 212.84 / 213.80 for SPY and 2127 / 2126 for ES (Dec contract, which roll over to new #s soon).

I've been pointing out the chance of Q4R1 turning into support from 11/19 on ES and 11/20 on SPY.