(Click on the chart to expand)
Look for an S&P 500 trading range with 834 as key support. As of this writing, the futures are at 833.5 (the last candle is today). If the trendlines hold up, the range today is bound between 790 and 875. 20EMA is about 915 and upper trendline within the descending triangle is about 970. Note that stochastics are not yet oversold and MACD crossed yesterday.
It feels like we'll go lower today, led by financials, real estate and technology. Hope we go up so I can load up on my shorts again.
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