Monday, June 15, 2015

S & P 500 Futures areas of support

The 2062 - 2065 (I know, 3 point range...its not well defined as you can see in the above chart) area seems to have enough noise to slow down a sell off and perhaps generate a bounce.

Shorts have to cover here.  And nimble longs can get involved.

The 150 dma @ 2070.74 matters above.  If we can get above that level with some volume and confidence, 2079 and 2089 beckon.

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