Post Late Session Sell off S&P500 Futures Chart (SPY)
|1 hour ES|
Now that the 1200 metric is in the rear view (for now) we are staring at the 1179.25 level as the lower line in the sand. If we trade and hold with conviction under this metric another 10 handles of sell stop air pockets could be triggered. Upside i like the SPU long over 1195…. Which is where we failed today during cash session….
Keep watching the dollar.. it is still firm. and any wimper out of the euro zone will indeed send the dollar higher and equity markets fumbling.