S&P500 PreMarket Price Action
Prices moved back up through overnight trading to test the 1055 level. Yesterday saw some lighter volume and still closed down, on the 1044 support. With another drop in volume today’s trading could see a possible retest of the 1060 levels, possibly even 1065.50 with an extreme high in at 1071.50. To the low side we could see price move back into the 1044 levels, and with a end of week sell off and some commitment price could see a retest into the 1036.50 area again. If the sellers have what it takes to push price through the 1036.75 area of support, I have 1020.00 as the next area of suooprt in the move down. Let’s see who shows up today. See you at the starting
line!
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