Late Night S&P Futures Update (SPX)
Fairly quite this evening/night… though we did get the standard evening ramp around 7 eastern, or 1900 hours. WE moved from 1142 straight up to 1145 before selling back hard down below 1142. IT looked like there was a bit of EUR/JPY movement, possibly more intervention who knows.
The chart above shows a 1 minute with a giant pennant formation.. looks like the price has broken down through support. Keep an eye on the 1144 level.. I the futures move higher than 1146 we are gonna gap tomorrow.
A breach of 1141.75 could bring further selling…