Tuesday, June 16, 2015
S & P 500 Futures re-test 2062
Nice bounce so far off the 2062 level overnight.
The 150 dma @ 2071.04 is the pivot.
2079 resistance was the high yesterday and still matters. 2089 is the next target if we get through on volume and confidence (and not just a Greece rumor).
There are a lot of lines of resistance above for this market, so don't expect a straight shot higher. There's just too much wood to chop.
2062 is support, but triple bottoms are a rare thing. Heads up if we break as the 200 dma @ 2044.78 would be next.