Intraday update

S&P Futures 30min

S&P futures have moved down since the cash market opened and have found support at 1394ish (again). We've been bouncing around between 1394 and 1402 for about a week now. It will be interesting to see if the bears can regroup and try again this afternoon for a push towards 1387ish (1390 SPX).

Intraday volume is pretty light so far and is suggesting we might have already seen the majority of the days range. It's indicating potential of a 7-10 point range.... and with the high of the day session at 1402ish, that puts a low target area of 1392-1395. LOD so far is 1394.25.