Random support @ 1283.50
S&P Weekly and Daily range
As noted on Monday, I have 3 resistance zones this week, 1283, 1293, & 1300
The first failed on Monday, but the 2nd resistance @ 1293 hasprovided the initial 8.5 point reversal, which was the entire range for Tuesday.
However, unless the market continues down or is trading below the weekly level @ 1271.50, there is a chance that price rises upwards and hits the 3rd resistance level this week.
The point of trading these resistance levels is, because I believe the market will continue down, as per Weekly report.
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