We have been so clear when we recommended our subscribers in the evening update to close all short positions taken earlier, as we were content with the profits we made since the opening of this week.
The index has retraced from a very strong support and that is why we should see a break below 17460.00 before renewing our short setups.
Ceiling for intraday short risk-takers resides at 17700.00.
Support: 17500.00-17460.00-17315.00
Resistance: 17600.00-17695.00-17730.00
Intraday direction: Sideways
SP500 Futures:
S&P 500 Futures has retraced during the Asian session, after visiting one of our previous detected technical targets at 2045.00.
The bounce from this support forces us to close previous shorts and wait until the index comes below 2045.00 to renew the selling positions.
Anyway, risk-takers over intraday basis can depend on the ceiling between 2070.00 and 2083.00 to keep their shorts intact.
Support: 2056.00-2045.00-2032.00
Resistance: 2070.00-2079.00-2083.00
Intraday direction: Sideways