SPX (daily)
(click on the chart to enlarge)

Looking at the intraday chart, a head & shoulder pattern has been formed with the neckline near 1872. Although the A/D line signaled a potential bounce might be coming, but the head & shoulder pattern could make a break to the Fibonacci 127% extension before the bounce. Therefore, one should be prepare for these two possible scenarios for the near term. Upside back to 1900 and the downside is 1852.
SPX (intraday):
