S&P500 PreMarket Look
Prices moved down through yesterday’s 1068 support through overnight trading, prices found support at 1063.75 and are now working on a retracement of the last push down. Watching for prices today to touch to the 1060.50 area of support before making decision on where to go next. It all seems to depend on volume, high volume – push through support and move on to the 1050 level, low volume – retrace and retest the 1068, 1077 levels. As we all know there is but one way to find out what will happen.
I’ll see you at the starting line!
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