S&P Futures

WED nite closed 1063.25. got the “slice” thru 1046.

long term –
1028 looks to be support with the next target at 1101. 872 is the entry for a short. both selling pressures and time pressures are now down.

daily –
1073 and 1094 are the next targets. 1041 will trigger a short entry to the 1029-1019 area. all indicators are very extended, so any move down will be quick. we have entered the downward time pressures thru 9-24.

intraday – at targets, expect consolidation and retracement. next targets up 1068/1082. a trade down thru 1060 creates the 1053 and a 1046 downside target.