Here's a basic chart analysis of the SP500, with levels that I've been discussing on Twitter for the past few weeks. I'm watching to see if the recent consolidation pattern is a bearish head and shoulders pattern, which would be confirmed upon a break below the ~1680-1685 support zone. If there is no decisive break below this support, the market may launch a rally from this level. For a rally confirmation, I'd like to see a break above the 1710 high reached in early August.