e-Mini March S&P Futures are Sniffing at Downside Reversal

As we speak, the e-SPH is trading around 1871, which happens to be yesterday's low.

If violated and sustained into the closing bell (4:15 PM ET), it will mean that after today's new all-time high, the index reversed into a key-downside reversal session.

Such a signal after all-time new highs, atop an intermediate-term channel, and in the timeframe for my 30-35 day cycle high (see my 16:48 PM ET post on Wed) could be significant technically as the initiation of a corrective period.