S&P futures

esday2

 

the weekly break of the 875 has taken the market to the 807 down side price objective. 

monthly – the long entry point of 916 has acted as resistance.  724 restarts the down move. upward divergence remains in place at these lows.

weekly – 806.50 is the entry point for the weekly short move to 740.50 low/then to 669.50. pressures have turned down into the 2/20 cycle end.

daily  – pressures are turning up.  the 807 short price objective is acting as resistance.  775 is the next downside objective.  848 is the long entry price to 898.  Ben’s PTI and Mobility has signalled a buy.  this cycle ends 1/26.

intraday is extended down, looking for a reason to move up.  need a trade above 816.