Wednesday, June 10, 2015

S & P 500 Futures have rallied right into some resistance

With the downward sloping 9 dma crossing the 50 dma @ 2098.58 we should see some pullback here.

If you bought the bounce at the 150 dma and held through 2079 and 2089, this is where you have to take some money off the table.

Nimble traders can even short here for a re-test of 2089 and perhaps even 2079 if fear comes back into the market due to the bond action (TLT).

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