ES 1846.5 is the level. Need closes above this to see the possibility of a good low, possibly a 10 week low for a bounce. I base this on yesterday's large volume trade which is the highest day trade since August 2011. Yesterday closed at ES 1846.5. We could trade here lower and test 1800 until a low forms or not ...
Same deal for the Russel 2000. The level to watch is 1065 ...
I'll have to look at my Hurst $SPX charts today for an update.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.