what was with that close, page-32

Here is my take:

Downward sloping multiple H/S pattern which has broken below neckline and found support at 1200. Resistance is clearly 1290 and market is struggling and showing signs of weakening. Recent bounce was not based on good volume and did not have follow through. This indicates that the rally is weak and is likely to fail imo.
Next area of support is 1100 and is a more likely outcome than target of 1340 which could be bought if SPX broke above 1290.