Monday, October 15, 2012

Intraday update

S&P futures are hovering above the 1432ish battle ground... but 15min indicators are looking ripe for selling. Intraday volume is suggesting we are at the high end of the days range. The low of the day session was 1422, so 10-15 points up would put a high target of 1432-1437. 1433ish is the weekly pivot, and we are currently trading at 1434.

Monday morning

SPX Daily - Still sitting on potential support