Resolution to the Downside?

Entering the final hour of trading, the e-SPH remains within the confines of a sideways trading range between 1271 and 1276, which resides at the lower end of the downmove off of yesterday's high at 1287.50, and which argues for a resolution to the downside -- into new reaction low ground projected into the 1267-65 target zone.

For more of Mike Paulenoff, sign up for a Free 15-Day Trial to his Macro Trading Charts. Or try his QQQ Trading Charts or his E-mini S&P 500 Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!