S&P Weekly and Daily range.
S&P broke support during Globex hours on Tuesday and continued down into the daily lows.
This saw the market swing back towards the breakout, as part of a retest during the day.
The March Contracts moved up into the 5-day 50% levels, whereas the June contracts hit 1283 and stalled.
Based on the current price action I have only 1 conclusion, and that is for the S&P to continue down as described in the weekly report.
- Daily Trading Set-ups & Analysis