3pm update - near term trend remains down

Hmm, we're 4pts off the earlier 1400 low, but the hourly cycle trend is certainly still downward.

A close under the 1400 would be a bonus right now.


sp'60min

Summary

A close under the hourly 10MA of 1407 would certainly be preferable.
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It does look likely 1390 will be hit sometime tomorrow, it sure will get tricky if we move into the low 1380s though early next week.

More after the close