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.