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S&P 500 Futures - Jun 24

CME
Currency in USD
Disclaimer
5,304.25
-4.00(-0.08%)
Delayed Data

S&P 500 Futures Discussions

Even though some indicators are pointing for more up I am having a little difficulty actually believing it now the 15 month uptrend was broken. We are in a traders market and ATH is lower probability but as of now where is the upside target? Another 50-75 points? And then what? Rollover back down to 4300 again? Mr Market has some printing to do for me at least to see where I will be positioning any new money. The easy money was made from yesterday to today and therefore chop is in store for now. Good luck traders but there is no clear direction right now.
They have made it pretty clear numbers don't matter. They can do w/e they want. It was pumped over 4368 yesterday like it was absolutely nothing afterhours
Yes but the momentum to go up higher is probably limited so we are stil range bound IMHO and therefore no need to chase or get scared to close positions to soon as this market is still forgiving.
so clear rejection at the 2nd resistance line today as I expected, recent reflexive rally took indices outta oversold zones. I say we chop for a day or two and trend back down next week? spx cash has 61.8 fib target at 4225 I feel it needs to print on this downtrend...
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