Good morning : Yesterday we mentioned the SPX/MKT was up against weekly/daily T/A resistance @ 2740-43– and would likely pullback next 1-2 days.
SPX S1=2718- First level of support-
SPX S2=2705-07- Should be the extent of any pullback within the minor cycle (1-3 days)- *We would cover MKT shorts here and perhaps go long.
We do think the MKT is likely to establish a trading range (2707-2740)-
Chief Technical Strategist / DCH-DTA