Tuesday, March 5, 2013

S&P Futures Update for March 6, 2013

All auctions remain UP.  The pullback low at 1536.25 is an important short-term reference for Wednesday morning -  

1. Remaining above 1536.25 keeps the auction to the upside intact 

2. Finding acceptance below 1536.25 increases the odds of trading into the Gap

3. If the Gap is filled - the base of Monday’s spike is the next downside objective.

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