Here is a 15 minute bar chart showing regular hours trading in the September S&P e-mini futures. I last commented on this chart yesterday afternoon.
I think the market is about to stall at resistance near 1256 this morning and then drop to support near 1243. Once the low is in place I expect an upswing to 1282.
My longer term view is that last week's low at 1229 will hold and that the S&P's are headed up to 1350 this summer.
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