Here is an updated hourly chart showing regular hours trading in the June S&P e-mini futures. I commented on this chart earlier this morning.
The market rallied a bit above resistance at 1266. Since this was only a normal rally, just slightly bigger than the previous rally, I think that the next step down should carry the S&P's down into the 1242-1245 range, just a little below the May 24 low at 1246.75.
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