I would like to see the market continue down 8.5 to 14 points from Monday’s highs"
S&P Weekly and Daily range.
As per Weekly report, there are three resistance levels in the market during February
1331, 1339, & 1347.
So far we have hit 1331 and stalled.
However, any further weakness in the current trend needs to be a validated by a daily close below the Weekly level @ 1314.75
And as noted in the Weekly report,…
"There are numerous instances when the levels will provide resistance of 8.5 to 14 points during the trading day, which is the statistical range."
Monday’s high and Tuesday’s low is 8.5 points
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