The Daily trend guide is 1278.50, and if below Wednesday can move back down into the daily lows, as part of the Weekly level rejection pattern
S&P Weekly and Daily range
After the Weekly high resistance on Tuesday @ 1285.25, the trend guide was based on the 5-day 50% level @ 1278.50.
if above it was a random pattern of 8.5+ points...
but once below it was another push back down towards the lows.
Critical support levels come into play from Thursday @ 1254-59....
Simply because there is a larger Primary reversal pattern that can send the market lower, as mentioned in last week's report.
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